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Reply #31: Is the CBO good enough? [View All]

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NAZLib Donating Member (15 posts) Send PM | Profile | Ignore Thu Aug-11-11 12:16 PM
Response to Reply #20
31. Is the CBO good enough?
I was working from memory but the the CBO <http://www.cbo.gov/ftpdocs/88xx/doc8885/EffectiveTaxRat... > claims that the top 1% pay about 31% of their income in federal taxes. I don't have a good number for the states but I know they spend around $800B per year and generally have balanced budget requirements so they're clearly getting the money from somewhere. Considering how hard it is to get away from sales and property taxes I don't think 10% of a person's income going to state and local taxes is an unreasonable guess. Do you really want to fight over a couple of percent either way?
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