Fri Nov 16, 2012, 08:03 PM
pepperbear (5,474 posts)
From September, 2012 - John Talbott:
http://www.huffingtonpost.com/john-r-talbott/rich-pay-taxes_b_1873392.html
Apologies if it's a dupe, but I think this is a good article and merits a re-post. Check out these tables: ![]() I know this is low and I challenge anyone who disagrees to try living on $2,000 a month for a while and to feed and clothe a family. But, let's call it the bare necessities and see what it means for American families. If you subtract this $2,000 a month or $24,000 per year from the various quintiles' incomes, the following pre-tax disposable incomes result; ![]() And here are the actual average taxes paid by quintile; ![]()
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7 replies, 1029 views
Always highlight: 10 newest replies | Replies posted after I mark a forum
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Author | Time | Post |
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pepperbear | Nov 2012 | OP |
AnnaLee | Nov 2012 | #1 | |
pepperbear | Nov 2012 | #3 | |
Warpy | Nov 2012 | #2 | |
tblue37 | Nov 2012 | #6 | |
geckosfeet | Nov 2012 | #4 | |
pepperbear | Nov 2012 | #5 | |
Warpy | Nov 2012 | #7 |
Response to pepperbear (Original post)
Fri Nov 16, 2012, 08:12 PM
AnnaLee (650 posts)
1. Your second chart is a duplicate
Response to AnnaLee (Reply #1)
Fri Nov 16, 2012, 08:18 PM
pepperbear (5,474 posts)
3. thanks for the catch. I edited it.
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Response to pepperbear (Original post)
Fri Nov 16, 2012, 08:17 PM
Warpy (99,836 posts)
2. Good luck finding anything outside Dixie
that would house a family of four for $480. In many parts of the country it's double that and in neighborhoods where you need to carry a baseball bat. The $140 in utilities is pretty minimal, too, especially if you live in a super high cost area like Texas and other places utilities are privatized.
Notice also that there is no provision for medical expenses. $25.00 per week per person for food is not going to keep the family healthy, not unless they are making extensive use of multiple food pantries. I'd like to see this list broken down for various cities around the country. The plutocracy doesn't care, of course, but it might be a real eye opener for a lot of other people. By the way, that last one should read "$1,000,000 yearly income." Assets of a million aren't what they used to be. |
Response to Warpy (Reply #2)
Fri Nov 16, 2012, 08:27 PM
tblue37 (46,568 posts)
6. I live in Kansas and pay $475 for a 700 sq. ft. 1-bedroom
apartment, and it is old and not in very nice condition. It also costs me about $65/month in water; $100-130/month for electricity in the hot months (and there are a lot of hot months in Kansas!); and $40-$90/month in gas, since I have gas heat in cold weather.
You could NOT house a family in my little hole. I barely manage in it myself, since there is virtually no storage--and no coat closet, either. |
Response to pepperbear (Original post)
Fri Nov 16, 2012, 08:23 PM
geckosfeet (9,644 posts)
4. I think that this is the chart you want to show
And so, here are the tax percentages that each quintile actually pays as a percent of their true disposable incomes assuming everyone needs at least $2,000 a month just to get by. ![]() Do the Rich Pay Their Fair Share of Taxes? Kind of say it all - or a lot anyway. BTW - who the hell pays $480 for rent/mortgage for a family? |
Response to geckosfeet (Reply #4)
Fri Nov 16, 2012, 08:26 PM
pepperbear (5,474 posts)
5. I know....he is totally low balling the expenses...
but that makes his case more, don't you think?
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Response to pepperbear (Reply #5)
Fri Nov 16, 2012, 08:31 PM
Warpy (99,836 posts)
7. No, because there are people out there
who will think you can find a crummy apartment for $480 a month and that you can feed people on $25.00 a week and that either they will have no medical expenses or that they will be taken care of by fairy dust.
This is why an area by area study needs to be done. |