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I think you misunderstood me. When the CBO says their (the top 1%) effective tax rate is 32% they are including the corporate tax in that 32% for people that ea
by jshen 16y ago
I think you misunderstood me. When the CBO says their (the top 1%) effective tax rate is 32% they are including the corporate tax in that 32% for people that earn money on capital gains. That seems odd to me since those people didn't actually pay the corporate tax. The corporation did! If you take it out, you get something like the 17% that Buffet pays, which is the true value of the taxes he had to pay.
HN isn't meant for this kind of back and forth so i've started a post on my site if you want to continue over there.
http://yakkstr.com/posts/2749-How-much-do-the-rich-pay-in-taxes http://yakkstr.com/posts/2749-How-much-do-the-rich-pay-in-ta...