L.A. Liberty

allthingspolitical:

Why a janitor ends up with a higher tax rate than a millionaire, and seven more charts that show how the richest Americans beat the IRS. — By Dave Gilson (via Only Little People Pay Taxes | Mother Jones)

Stunningly misleading. Of course the top earners save more in taxes because they pay more. Close to the bottom half of earners in this country pay no income taxes (a good chunk are even net tax beneficiaries). Naturally I have a problem with our government’s corporatist system that favors the rich and connected with various methods of protectionism including tax breaks, subsidies, tariffs, and etc., but the so-called rich, in general, actually pay more than their share of income. 

This fallacy reminds me of the Bar Stool Economics parable.

Notes:

1. unspeakablelaughter reblogged this from allthingspolitical and added:

   Srsly?? -__-

2. complexsimplicitee reblogged this from allthingspolitical
3. taylorhowlett likes this
4. hcdragon likes this
5. enche likes this
6. maomix reblogged this from laliberty and added:

   ^^^

7. vexme likes this
8. damnalltheodds reblogged this from antigovernmentextremist
9. nomosshere likes this
10. pharaoh-hates-you reblogged this from antigovernmentextremist
11. antigovernmentextremist reblogged this from laliberty and added:

    Thanks L.A. Liberty, I was going to make a post regarding bar stool economics, but I got distracted with school work. We...

12. kaaaaaaaaate likes this
13. laliberty reblogged this from allthingspolitical and added:

    Stunningly misleading. Of course the top earners save more in taxes because they pay more. Close to the bottom half of...

14. This was featured in #Politics
15. allthingspolitical posted this