Oh look, the village idiot has confused marginal rates with effective rates. Color me surprised.
Dems blow my rough ridin' mind. They want more taxes for their crony bullshit and to support the welfare state they vigorously perpetuate, but they are unwilling to adopt policy that increases taxes the fastest (ie, increased labor force and tax base). Rather they endorse policies geared at making more people poor and most destructive to the longevity of our society.
I didn't confuse anything. Some people pay mostly capital gains taxes, which means their effective rate falls somewhere between 39% and 15%. You keep obsessing over this false dichotomy between right and left, when in reality, I fall somewhere in the middle. I'm a registered Independent and would be open to voting for a Republican if the party would nominate a legitimate candidate. The only village idiot here is you.
what a dumbass.
This post is prima facie evidence you dont know the difference.
Effective:
The term effective tax rate has significantly different meanings when used in different contexts or by different sources. Generally it means some amount of tax divided by some amount of income or other tax base.
Marginal:
For an individual, it can be determined by increasing or decreasing the income earned or spent and calculating the change in taxes payable. An individual's tax bracket is the range of income for which a given marginal tax rate applies. The marginal tax rate may increase or decrease as income or consumption increases, although in most countries the tax rate is (in principle) progressive. In such cases, the average tax rate will be lower than the marginal tax rate: an individual may have a marginal tax rate of 45%, but pay average tax of half this amount.
So would you feel better if I used "average tax rate" instead of "effective tax rate"?
*And in the example I used I was clearly referring to the top 1% of income earners, not just anyone.
Things that would make me feel better
1. If you knew the difference between effective and marginal tax rates before posting
2. If I thought you really understood them after looking them up, still don't believe you do, or you would realize your 1% income earners disclaimer has no bearing.
3. The thing that would make me feel a lot better though would be if you would use an effective tax rate graph while trying to make a point about effective tax rates.
4. Lastly I appreciate it much more when someone just acknowledges that they have made a mistake instead of trying to cover it up.