scottie on 15 August 2011
mrstickball said:
You can't multiply US population by 1% because the 'Top 1%' are actually income earners, and not among the entirety of the general populace. How many people are actually in the 'Top 1%'? According to The Tax Foundation, an un-biased source of tax information, there are actually 1,400,000 people that filed and were in the top 1%. They paid $392 billion USD in income taxes, or 23% of earnings after all deductions were considered. Therefore, assuming the rest of your math is correct, the actual dent made would be about 20%, not 45%. |
So when they say top 1% they mean "top 1% of those who earnt at least a single cent in the year'? I honestly did not know that. Regardless, I would still include 20% as a dent.
