The Great Cominatrix

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Reblogged from abbyjean
abbyjean: In a typical year around 35-40 percent of households don’t owe any federal income tax. But most of them pay a significant share of their incomes in other taxes — particularly payroll taxes, as the CBO report points out: People in the bottom four-fifths of the income scale pay more in payroll taxes than federal income taxes, on average.  The Tax Policy Center estimates that payroll taxes (including both the employee and employer shares) outweigh federal income taxes for 82 percent of households.  (Most economists agree that workers pay not only the employee share of payroll taxes but the employer share as well in the form of lower wages.) Working-poor and middle-class Americans pay a much larger share of their incomes in payroll taxes than high-income people do (see graph).  That  gap has increased over the past 30 years, the CBO report shows.  In addition, the share of federal revenues coming from payroll taxes has gone up while the share coming from income taxes has gone down. When you count all federal taxes (income, payroll, and excise), even people in the bottom fifth of the income scale are net federal taxpayers, on average.  This group, whose after-tax incomes averaged just $17,700 in 2007, paid 4.7 percent of their incomes in federal taxes that year. Moreover, these figures don’t consider the significant state and local taxes that virtually all Americans pay — taxes that, like federal payroll and excise taxes, tend to demand more of lower-income people relative to their incomes. (via Off the Charts Blog) when people are talking about raising taxes on the wealthy, these are the taxes they are talking about.

abbyjean:

In a typical year around 35-40 percent of households don’t owe any federal income tax. But most of them pay a significant share of their incomes in other taxes — particularly payroll taxes, as the CBO report points out:

  • People in the bottom four-fifths of the income scale pay more in payroll taxes than federal income taxes, on average.  The Tax Policy Center estimates that payroll taxes (including both the employee and employer shares) outweigh federal income taxes for 82 percent of households.  (Most economists agree that workers pay not only the employee share of payroll taxes but the employer share as well in the form of lower wages.)
  • Working-poor and middle-class Americans pay a much larger share of their incomes in payroll taxes than high-income people do (see graph).  That  gap has increased over the past 30 years, the CBO report shows.  In addition, the share of federal revenues coming from payroll taxes has gone up while the share coming from income taxes has gone down.
  • When you count all federal taxes (income, payroll, and excise), even people in the bottom fifth of the income scale are net federal taxpayers, on average.  This group, whose after-tax incomes averaged just $17,700 in 2007, paid 4.7 percent of their incomes in federal taxes that year.

Moreover, these figures don’t consider the significant state and local taxes that virtually all Americans pay — taxes that, like federal payroll and excise taxes, tend to demand more of lower-income people relative to their incomes. (via Off the Charts Blog)

when people are talking about raising taxes on the wealthy, these are the taxes they are talking about.

Notes

  1. ilysespieces reblogged this from stfueveryone
  2. stfueveryone reblogged this from jonathan-cunningham
  3. titletownprogressive reblogged this from rantingnraging
  4. koikoichan reblogged this from rantingnraging and added:
    Oh look, I pay more taxes than my super rich uncle! I’m so glad that the government loves him more than me!
  5. rantingnraging reblogged this from jonathan-cunningham
  6. dead-as-a-teddybear reblogged this from theamericanbear
  7. jamessteiner reblogged this from jonathan-cunningham
  8. raisingirl reblogged this from abbyjean
  9. silas216 reblogged this from abbyjean
  10. questionall reblogged this from truth-has-a-liberal-bias
  11. theamericanbear reblogged this from randomactsofchaos
  12. active-cultures reblogged this from truth-has-a-liberal-bias
  13. brillammentmagnifique reblogged this from truth-has-a-liberal-bias
  14. seesawarsaw reblogged this from squashed
  15. thephrygiancap reblogged this from truth-has-a-liberal-bias
  16. truth-has-a-liberal-bias reblogged this from abbyjean
  17. reasonedoverreaction reblogged this from guerrillanetwork
  18. everybodyfunny reblogged this from socialistscum
  19. heidruncollider reblogged this from guerrillanetwork
  20. socialistscum reblogged this from guerrillanetwork
  21. guerrillanetwork reblogged this from randomactsofchaos
  22. cominatrix reblogged this from abbyjean and added:
    talking about raising...they are talking about.
  23. maxwellgreenberg reblogged this from squashed
  24. green-street-politics reblogged this from jonathan-cunningham
  25. moorewr reblogged this from jonathan-cunningham
  26. randomactsofchaos reblogged this from jonathan-cunningham
  27. lazdoinactive reblogged this from squashed
  28. mycat-tibby reblogged this from jonathan-cunningham
  29. diggberals reblogged this from jonathan-cunningham
  30. ethicalecon reblogged this from jonathan-cunningham
  31. quetlin reblogged this from jasonsmithtx and added:
    Yep, this says it all. Which of its citizens does America value the most?