Originally Posted by muppetry
Originally Posted by trumptman
Originally Posted by BR
Originally Posted by svnipp
Well... If his account is to be believed, the he doesn't report all of his charitable giving to the Fed. This is mostly political I would assume because it would drive his tax rate even lower.
Romney aside, conservatives lean way more Republican than Democratic and plenty of studies show that conservatives are much more generous. So the line about "no love for God in Republicans" is a total crock.
Again, you are avoiding the issue and focusing on my signature. Stop it. It's obvious. Let's get back on track. Address THIS:
When 1% gains 93% of the economic growth, raising their taxes isn't "soaking" them at all. They've got the capital to hire people. They are sitting on it because they can given the current demand forecasts. If the rich gaining more money truly created jobs, we'd have a labor shortage of EPIC proportions.
Comparing a quintile to a single percent is bad math and bad reasoning.
I'm not clear what you are getting at with that comment. Since average household income is an intrinsic (normalized) variable, and thus bin-size independent, there is nothing mathematically or logically incorrect in making a direct comparison between different bin sizes.
Normalizing for quintile vs a single percent is not going to get you a comparible result. 1% by definition is an outler, not an average. The top 20%, the orange-yellow line by definition, includes the top 1% and you can see that while the share of income has gone up, it is not the radical result that the 1% alone represents. A couple other points is that these examples are households, and not per capita. Most income disparity can be reduced to two variables, are the parties in the household married and are they educated. Also the government does not count any transfer programs as income. Thus a household that has received food stamps, WIC, Section 8 housing vouchers and been given Child Tax and EITC credits does not gain any additional "income" per the government.
Final point is that we have a progressive tax system and the share of income paid raises when income raises. It is thus appropriate to compare after tax income.
So to be fair, compare similar size samples, not 1% against a quintile. The broad average of one will of course smooth out the results. Compare per capita income, not household because a single parent houshold will likely earn less than most two parent households. Finally compare after tax income and include transfer payments.
That is the only way to get an accurate picture of per adult, dollars in pocket.