Talk of The Villages Florida - View Single Post - Buffett rule
Thread: Buffett rule
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Old 04-13-2012, 01:31 PM
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People keep some on purpose, confusing marginal and total income tax rate. The 28% tax rate is only on the portion of income above a fixed amount. Some income is taxfree, then a portion at a higher rate, and so forth.

People don't pay the 28% on all their income just the portion at the high bracket. Their actual tax rate is much lower, because that compares the tax paid/AGI. It is double speak..

Also, a smokescreen is saying that the poor, even though they pay no income taxes pay other taxes. Apples and Oranges. Compare the same tax. We are in danger as a Nation when more than 50% pay no income tax and will therefore vote for tax increases on the minority..