{"id":921,"date":"2012-04-24T15:21:56","date_gmt":"2012-04-24T15:21:56","guid":{"rendered":"http:\/\/sol-biotech.com\/wordpress\/?p=921"},"modified":"2012-05-02T13:06:39","modified_gmt":"2012-05-02T13:06:39","slug":"america-we-already-have-a-flat-tax","status":"publish","type":"post","link":"https:\/\/sol-biotech.com\/wordpress\/index.php\/2012\/04\/24\/america-we-already-have-a-flat-tax\/","title":{"rendered":"America, we already have a flat tax!"},"content":{"rendered":"

America\u2019s true tax rate
\nThe U.S. already has flat taxes. But conservatives, like Pat Tiberi, are still clamoring for cuts for the rich
\nhttp:\/\/www.salon.com\/2012\/04\/23\/americas_true_tax_rate\/<\/a><\/p>\n

This table says it all:<\/p>\n

\"2012TaxDayTable\"<\/a><\/p>\n

Actually, a closer look at the table shows that our tax system is already _regressive_: the top 1% pays _less_ taxes as a percentage of their income as those in the next 39%. <\/p>\n

The 1% earns 21% of income in the US and pays a smidgen more than 21% of the total taxes. Seems pretty damn flat to me already, but where it gets regressive is that, as a percentage of their income, the 1% pay at a rate of 29% while the next 19% pay an even _higher_ rate (up to 30.4%). This makes the tax _regressive_ again. If you look at the total income vs total taxes paid in the different groups, the top 39% pays more (as a percentage of the total income and total taxes) than the top 1% (as a percentage of their percentage).<\/p>\n

Don’t believe the Great Lie of the GOP: the rich do NOT pay more in taxes. As a percentage of the income needed to meet the bare costs of existence, the rich pay an infinitesimal fraction of their income. I am quite certain that the people making $13K or less (and paying over 17% in taxes) are not getting a ‘free ride’ on society, if anything the 1% is getting that free ride by paying only 29% when they should be paying 35% federal AND state taxes according to our current tax code.<\/p>\n

Societies cost money to operate and the rich disproportionally benefit from a society (without a society, their ‘richness’ is meaningless), so they should disproportionally pony up bucks to maintain it, not disproportionally less money!<\/p>\n

Will making the rich pay more solve all our tax revenue problems? No, they simply don’t make enough money in aggregate. However, I can assure you that I would be a lot less upset about paying my fair share if Romney and company paid their fair share (which, to be fair, should be higher than my ‘fair’ share).<\/p>\n

Of course, try to explain this to one of your conservative friends…<\/p>\n","protected":false},"excerpt":{"rendered":"

America\u2019s true tax rate The U.S. already has flat taxes. But conservatives, like Pat Tiberi, are still clamoring for cuts for the rich http:\/\/www.salon.com\/2012\/04\/23\/americas_true_tax_rate\/ This table says it all: Actually, a closer look at the table shows that our tax system is already _regressive_: the top 1% pays _less_ taxes as a percentage of their … Continue reading “America, we already have a flat tax!”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,19,16,3,10],"tags":[],"class_list":["post-921","post","type-post","status-publish","format-standard","hentry","category-business","category-economics","category-government","category-politics","category-society"],"_links":{"self":[{"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/921","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=921"}],"version-history":[{"count":2,"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/921\/revisions"}],"predecessor-version":[{"id":948,"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/921\/revisions\/948"}],"wp:attachment":[{"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}