scottie said:
mrstickball said:
Your numbers are way off.
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.
|
Its not even that. Its "1% that actually filed a tax return". In America, you do not need to file a tax return if its under a certain threshold (I believe its $15,000 a year or so).
And again, its assuming the rest of your math checks out. I didn't go through the rest of it.
