Oct 11th 2012, 20:40:30
Dibs: Income tax is not the only tax that exists. Your numbers are.. deeply flawed.
A short list of personal taxes other than income tax are: payroll tax, sales tax, property tax, FICA (social security tax), excise tax [paid by everyone who uses gasoline], inheritance tax, transfer tax, and road tax [paid by everyone who uses a highway such as I-95 or bridges such as the Ben Franklin Bridge into southern Jersey].
Note that "the 47%" pay a much, much higher percentage of their income in taxes than the super-rich.
A short list of personal taxes other than income tax are: payroll tax, sales tax, property tax, FICA (social security tax), excise tax [paid by everyone who uses gasoline], inheritance tax, transfer tax, and road tax [paid by everyone who uses a highway such as I-95 or bridges such as the Ben Franklin Bridge into southern Jersey].
Note that "the 47%" pay a much, much higher percentage of their income in taxes than the super-rich.