-37.35%
…that’s a NEGATIVE THIRTY-SEVEN POINT ONE FIVE PERCENT!!! And that is BEFORE government handouts like welfare, food stamps, Medicaid, etc.
This is good and precisely what we need to see more of - though I would prefer a $15/hour minimum wage and a generous, livable dole in order to make toils optional.
Actually in a thread I created a few months backed up with data, the US has the most progressive income tax structure in the world - in fact the most progressive tax structure period in the world. It is the middle class that is the most dramatically "under-taxed," relative to other major industrial democracies. But then you already knew that I suspect. This stuff about repealing the Bush tax cuts for the rich, or whatever the F Obama wants now in his new incarnation, is just noise. Maybe it is a fairness issue for some, but it certainly isn't very fiscally relevant.
But it is precisely the point - which you are not addressing - that it needs to be
much more progressive than it is in order for the economy to function well.
