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BocaHoo91

Joined: 06/03/2005 Posts: 31096
Likes: 52543


Two things:


1) I'd be willing to bet you're in a higher percentile than you think
2) I'm being a little cute with numbers by aggregating. Here's the effective income tax rates by percentile for 2013:

Bottom 20%: -7.2%
Next 20%: -1.2%
Middle 20%: 2.6%
Bottom 60%: -0.5%

So while the bottom 60% is indeed negative in aggregate, the middle 20% has a tax burden, with people closer to the 60th percentile paying more than the 2.6% average for that quartile.

Similarly the bottom 80% breaks down as follows:

Bottom 60%: -0.5%
60-80%: 6.1%
Bottom 80%: 2.1%

So again if you're in the 4th quintile, you're paying on average 6.1% even though in aggregate the bottom 80% pays only 2.1%. And if you're at the top of the 60-80%, you're probably pushing close to a 10% effective rate.

(In response to this post by Freddyburg Hokie)

Posted: 02/09/2018 at 12:03PM



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Current Thread:
  The best was to view deficits IMO -- NJHoo 02/09/2018 1:28PM
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  I just checked . .. it was a no. Checked many others -- graycalhoo 02/09/2018 11:59AM
  Yea ** -- Guy LeDouche 02/09/2018 11:54AM
  Looks like he was indeed a No vote (link) -- Hoodafan 02/09/2018 11:59AM
  One man's "benign expansion of power" l -- HokieDan95 02/09/2018 10:36AM
  It definitely does need some reshaping.... -- Freddyburg Hokie 02/09/2018 11:35AM
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  Thats certainly what needs to come next ** -- TomKazanski 02/09/2018 11:01AM
  I think Mattis gets it, though... -- Freddyburg Hokie 02/09/2018 11:53AM
  Hrmmm...I need to take a look at that. ** -- Freddyburg Hokie 02/09/2018 12:09PM
  Sorry I meant to link it.... -- Seattle .Hoo 02/09/2018 12:15PM
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  Me too -- Beerman 02/09/2018 11:04AM
  Disagree, I think defense spending is more about -- 81_Hokie 02/09/2018 10:01AM
  Reducing revenue can certainly be irresponsible -- Beerman 02/09/2018 11:07AM
  Anything can change. Yes. -- Beerman 02/09/2018 11:13AM
  Perhaps -- Beerman 02/09/2018 11:27AM
  Correction.. -- Freddyburg Hokie 02/09/2018 11:43AM
  True in a general sense -- Beerman 02/09/2018 11:42AM
  That's not going to last forever, though... -- Freddyburg Hokie 02/09/2018 11:45AM
  Oh, let's just kick the can down the road again... ** -- Hokie5150 02/09/2018 11:48AM
  It isn't obvious? -- Beerman 02/09/2018 11:37AM
  I'm not arguing ideology. Why are you? -- Beerman 02/09/2018 11:59AM
  That's ideology. And semantics. -- Beerman 02/09/2018 12:10PM
  It's what I do... -- BocaHoo91 02/09/2018 12:04PM
  Is that right? Those are some surprising numbers... -- Freddyburg Hokie 02/09/2018 11:55AM
  Two things: -- BocaHoo91 02/09/2018 12:03PM
  I'll have to check last year's tax form to see where I stand... -- Freddyburg Hokie 02/09/2018 12:06PM
  In 2013 the percentile cutoffs were: -- BocaHoo91 02/09/2018 12:28PM
  Just pay your "fair share" you 1%er. :-) ** -- Hoodafan 02/09/2018 12:08PM
  Haha, that made my day, thanks! ** -- Freddyburg Hokie 02/09/2018 12:19PM
  The obvious conservative position. -- Shenhoo 02/09/2018 11:20AM
  You just ignored the revenue stand. -- Shenhoo 02/09/2018 11:04AM
  I did?!? ** -- Hokie5150 02/09/2018 11:05AM
  Because the economics are a show. Have always been. -- Beerman 02/09/2018 09:48AM
  Well thats one more than you have on the left -- TomKazanski 02/09/2018 09:31AM
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  Obama era GOP absolutely pissed at Trump era GOP -- 79 Wahoo 02/09/2018 09:09AM
  Tax cuts dont equal govt spending -- TomKazanski 02/09/2018 09:30AM
  Lol. nice use of that quote. ** -- hoothat 02/09/2018 11:10AM

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