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John R. Carroll[_3_] John R. Carroll[_3_] is offline
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Default OT Responsible millionaires for higher taxes

Wes wrote:
"Ed Huntress" wrote:

Did you find the answer you're looking for?


I searched around a bit and went to bed but your post reminded me to
look again.

Now how they get the data, looking at your link and learning a couple
key words I googled up this:
http://en.wikipedia.org/wiki/Current_Population_Survey

Then after that I found this on your link:
http://www.census.gov/hhes/www/p60_236sa.pdf

There are a certain percentage of non responses, I believe it was ~7
percent or so for the CPS and ~7 percent for the annual social and
economic supplement. I'm surprised they got ~93 percent compliance
on the CPS.


I tried to make sense of some of the data but when they use $250,000
and up for the last group, so I don't have anything to work with,
especially when that is a median number that tends to exclude the
outliers and the really big ones on the right side of the chart is
what I was interested in. IIRC, the topic is how would
redistributing the income of the wealthy would affect the poorer
members of society.


An equally interesting one is how it would affect the wealthy.
I know it's counterintuitive but letting the Bush era tax cuts expire would
actually get top earners back on the stick.
All of the talk you might hear about dissincentives is just BS. That isn't
how the world works if you are taxed at the marginal rates American's are.

--
John R. Carroll