CHART OF THE DAY: The ‘47 Percent’ Pay Their Fair Share

[ProSense]

CHART OF THE DAY: The ‘47 Percent’ Pay Their Fair Share

[MannyGoldstein]

1. Indeed.

Thanks for this.

[progressoid]

2. Rec.

[Scuba]

3. Are "individual taxes" capital gains? Note they are fairly flat over 58 years...

...and while I couldn't find a chart showing capital gains (not tax, but gains) over the years, they must have grown substantially.

[Llewlladdwr]

4. I don't think this chart says what you think it does. NT

[ProSense]

5. Why

"I don't think this chart says what you think it does."

...what does it say?

[NJCher]

6. certainly looks to me

Like the worker is getting a larger and larger amount taken out of the paycheck.


Cher

[Llewlladdwr]

7. It appears to show the sources of total Government revenues...

and what percentage is derived from each source.

How does it support your statement that "...the ‘47 Percent’ Pay Their Fair Share..." other than having the number 47 as one of the percentages?

[ProSense]

8. It

"It appears to show the sources of total Government revenues..."

...does, but look at the chart below and consider two things in relation to the source of government revenue: 1) the share of income concentrated at the top and 2) the payroll tax is capped a about $106,000.




Source: EPI

[Llewlladdwr]

9. Okay, but this chart shows percentages of capitol income, not income from wages and salaries.

Also, it doesn't appear to have anything to do with government revenues. I mean, where would the info in this chart apply to the first one? Would taxes derived from this income show up in the indiviual income taxes slice or in the other taxes slice? And what do the numbers on the X-axis represent? This feels very much like apples and oranges to me.

[ProSense]

10. You

Also, it doesn't appear to have anything to do with government revenues. I mean, where would the info in this chart apply to the first one? Would taxes derived from this income show up in the indiviual income taxes slice or in the other taxes slice? And what do the numbers on the X-axis represent? This feels very much like apples and oranges to me.

...know, regardless of the exact comparison, the fact is that income and wealth is concentrated at the top among a very small percentage of Americans. The wage income share isn't much different. The top one percent takes home about 24 percent of the total income.

I mean, with payroll tax capped at about $106,000, what percentage of the bottom 99's income is consumed by payroll tax compared to the top one percent. I assume you knew that was the point of the chart.