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|previous: SpeedRacer before you soley blame the gov't, b... -- 1115231916||View Thread|
|5/4/2005 3:50 PM|
|Mark Lavelle||Re: stop yer whinin'!|
I get your point, but that page you linked to only goes to 1999. I'm sure you're well aware that the tax situation has changed significantly since then. In addition I can't co along with that page equating "income" and "wealth" - it only takes a moment's thought to see they're not at all the same thing, and most high-end wealth (i.e., other than real estate) is actually untouched by taxes in this country.
Also, by the "truly rich" I did mean the top 1%, and those folks have whole menus of loopholes to play with. Heck, I suspect that in terms of annual income I just might be in the top 5% myself, and I can assure you that living in the S.F. Bay area I do *not* qualify as wealthy! Not hurting, sure, but nowhere near wealthy...
Oh yes: as usual with these things, your link only talks about the income tax burden. When you take property taxes, SSI, disability, etc. into account, the bottom 50% are not exactly getting a free ride in terms of total taxes as a percentage of salary.
Peace out, bros.