Re: No response needed

"Kurt Ullman" >> >> >
"amdx" <

The top 5% of wage earners pay 60% of all federal taxes,
50% of wages earners pay no federal taxes.


Warren Buffet's secretary pays more taxes by percentage than he
does
and that's just one example.

n still equal to 1.

Which means what exactly?

Stat saying noting that a study with an "n" (as in number) equal to one
is useless. Think of it as anecdote is the not the singular of data.

No one claimed it was a study or a statistic or that it was unique. It's
a
fact and more common than many would suspect.

Silly me, I supposed that you tossed out to actually make some
kind of point.

I still don't see what you're getting at.


I know personally a number of people that have gross income in excess of
$250K and pay no income tax legitimately. Their employees OTOH do pay
taxes
and given the numbers presented by Buffet himself they pay more as a % of
income than Buffet.

Buffet is a hard man to pin down on these things. He takes out
relatively little cash (especially as compared to his peers). He is a
multi-billionaire based mostly on his stock ownership in B-H. It is very
possible that his secretary makes more than he does in taxable income
since so much of his net worth is in the cap gains that won't be taxable
until sold. Even then he is on-record as saying he is going to give most
of it away.

The data on his tax rate and that of his secretary came from him in an
interview on how the tax system in the US is skewed toward the rich. His
point was that the rich are far from hammered and are unfairly well treated
in the real world. A point you make with excellent examples. Recall the
old adage taxes defrayed for 5 years are taxes unpaid.

What he ultimately does with the money, burn it, give it away or stash it in
a sock, has little to do with the relative tax rate of the rich as compared
to working stiffs.


.

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