(November 10, 2014 at 4:08 pm)Heywood Wrote:(November 9, 2014 at 11:38 pm)Surgenator Wrote: Also, the economist said most of these rich people don't pay any taxes at all. So the really poor people and the rich guy would pay nothing if we use the bar example.
The economist's claim that most rich people don't pay any taxes at all is false(if he indeed claim it....i don't remember). A little research indicates that rich people pay the lion-share of all taxes.
First, you should post your source.
Second, I was mistaken. The economist didn't say that. It came from a friend of mine who I was talked with. I got the two conversations mixed together.
My friends point is that the super rich get access to deductions that ordinary people do not. This lowers their effective tax rate be lower than the ordinary people. Also, the rich and corporations get subsidies, tax deductions, and obtain off shore accounts that can lead to an effective tax rate of 0.
http://www.huffingtonpost.com/bill-quigl...89188.html
http://www.bankrate.com/finance/taxes/ta...ich-3.aspx
http://www.huffingtonpost.com/2013/04/29...79139.html
http://www.usatoday.com/story/money/busi...s/2480281/
