Thursday, September 22, 2011

More on tax fairness...

Paul Krugman:
40 percent of taxpayers with incomes between 30K and 40K pay more than 12.9 percent of their income in income and payroll taxes; meanwhile, 25 percent of people with incomes over $1M pay less than 12.6 percent of their income in these taxes.
This suggests that there are a lot of very-high-income guys paying a lower tax rate than their secretaries.

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