Hello There, Guest! Registered users see far less ads! Register today and join our virtual tailgate. (Login — Register)

Post Reply 
The Tax Bill is signed
Author Message
bullet Offline
Legend
*

Posts: 83,637
Joined: Apr 2012
Reputation: 5051
I Root For: Texas, UK, UGA
Location:
Post: #66
RE: The House has passed the Tax Bill
http://kylewingfield.blog.myajc.com/2017...-the-rich/

"...One comparison is how much of this bill’s benefits they receive relative to how much of the tax they pay*. I’ve compiled two tables from data I got from the left-leaning Tax Policy Center (see below for links and explanations). The first table compares the proportion of all income tax paid by each group to the proportion of this tax bill’s benefits they receive**. See it here:
https://cmgajckylewingfield.files.wordpr...c-2017.jpg


As you can see, the bottom four income groups all receive a larger share of the tax bill’s benefits than the share they pay in federal income taxes (see the fourth column, where a positive number is better). Even within the top quintile, the top 1 percent gets a smaller share of the tax bill’s benefits relative to what they pay in income taxes.
So, yeah, maybe it doesn’t look like a lot to say the bottom quintile gets only 1 percent of the tax cut. But in light of the fact that group pays minus-4 percent of all income taxes, it looks much better.
The second table makes the same comparison, but uses all federal taxes paid (not just income tax).
https://cmgajckylewingfield.files.wordpr...c-2017.jpg

The distribution is more even when other federal taxes are taken into account. Still, the basic story is the same: The bottom income groups fare better than the top groups relative to what they pay now (except for an odd advantage in this case for those in the 96th through 99th percentiles; I’m not sure how to explain that)...."
12-19-2017 11:34 PM
Find all posts by this user Quote this message in a reply
Post Reply 


Messages In This Thread
The Tax Bill is signed - UofMstateU - 12-19-2017, 02:44 PM
RE: The House has passed the Tax Bill - bullet - 12-19-2017 11:34 PM
RE: The Tax Bill is signed - ECUGrad07 - 12-22-2017, 11:37 AM
The Tax Bill is signed - UTSAMarineVet09 - 12-22-2017, 11:46 AM



User(s) browsing this thread:


Copyright © 2002-2026 Collegiate Sports Nation Bulletin Board System (CSNbbs), All Rights Reserved.
CSNbbs is an independent fan site and is in no way affiliated to the NCAA or any of the schools and conferences it represents.
This site monetizes links. FTC Disclosure.
We allow third-party companies to serve ads and/or collect certain anonymous information when you visit our web site. These companies may use non-personally identifiable information (e.g., click stream information, browser type, time and date, subject of advertisements clicked or scrolled over) during your visits to this and other Web sites in order to provide advertisements about goods and services likely to be of greater interest to you. These companies typically use a cookie or third party web beacon to collect this information. To learn more about this behavioral advertising practice or to opt-out of this type of advertising, you can visit http://www.networkadvertising.org.
Powered By MyBB, © 2002-2026 MyBB Group.