"Harry" wrote in message
m...
Jack wrote:
On Jan 22, 6:23 am, bpuharic wrote:
On Thu, 21 Jan 2010 21:20:07 -0800 (PST), Jack
wrote:
How can you spin two new tax brackets at even higher levels as "the
rich got a HUGE tax break as their incomes skyrocketed"?
because the marginal rate of tax increase above the middle class is
regressive. the BIGGEST INCREASE in marginal tax rates comes in the
middle class tax band

Ahh... now it's starting to make sense. You want the nominal tax rate
to be 15%, so the progression for the next bracket would be about 18%
for you. Then you'd like the next brackets to ramp up even more so
they'll make up for what you'd fail to pay.

Sorry, the nominal rate is 25%, the 15% and 10% brackets are breaks
for the poor. You'll have to keep contributing your share.

"Feeling overtaxed? Under the U.S. income tax system, most of the
taxes collected are supposed to be paid by the people who make the
most money. Thanks to President Bush's tax cuts, that is exactly the
way the system works, says the U.S. Treasury Department.
According to the Office of Tax Analysis, the U.S. individual income
tax is "highly progressive," with a small group of higher-income
taxpayers paying most of the individual income taxes each year."

http://usgovinfo.about.com/od/income...hopaysmost.htm

•In 2002 the latest year of available data, the top 5 percent of
taxpayers paid more than one-half (53.8 percent) of all individual
income taxes, but reported roughly one-third (30.6 percent) of income.

•The top 1 percent of taxpayers paid 33.7 percent of all individual
income taxes in 2002. This group of taxpayers has paid more than 30
percent of individual income taxes since 1995. Moreover, since 1990
this group’s tax share has grown faster than their income share.

So stop your whining.


The top brackets ought to be paying 49%, and there should be no cap on
earnings subject to social security and medicare taxes.


All that does is raise the overall tax bar. Eventually the taxes paid by
all will go up
proportionally or consistent with a progressive tax structure.

Taxes for the government is like honey to bears.

Eisboch