Luminous Animal
Luminous Animal's JournalPlease but you are wrong. Please see the worksheet below.
The three scenarios presented below include incomes that would all fall into the 25% bracket on ordinary income. None actually pay 25%. The highest in that bracket comes close when adding SS and MED FICA but considering federal income taxes alone, the lowest will end up paying 11% federal income taxes and the highest will end up paying 18% federal income taxes. (The percentage tax computation chart that I used comes from the IRS 1040 handbook.)
This pattern holds true for every bracket. The lowest ordinary income in a bracket will pay a smaller percentage of federal income tax than the highest income in the same bracket.
What skews the percentage for the wealthy is that they rarely take the standard deductions because their mortgage, property tax, and charitable contributions combined will be much huger than the standard. Also, long term capital gains are taxed at 15% and the wealthy can take advantage off off-shore tax shelters. And keep in mind that SS FICA is only assessed on the first $106,000 in income.
That is why people like Mitt Romney and Warren Buffet are able to pay a lower percentage of their income than someone in the 25% tax bracket.
The racist fascist father of the 20th century "right to work" movement, Vance Muse...
http://www.nsfwcorp.com/dispatch/right-to-workYou Hate "Right To Work" Laws More Than You Know. Here's Why
......
Among Vance Muses reactionary enterprises: He lobbied against womens suffrage, against the child-labor amendment, against the 8-hour workday, and in 1936, Muse engineered the first split in the Souths Democratic Party by peeling off the segregationists and racists from the New Deal party, a political maneuver that eventually led to Strom Thurmond, George Wallace, and at last a Republican right-wing takeover of the South, and with it, the collapse of the old New Deal coalition. Which worked out fine for Vance Muse, since he was a covert Republican himself, serving for years as the Republican Party state treasurer in Texas.
That first attempt at splitting the Democratic party by peeling away the Southern segregationist-fascists took place in 1936, when Georgias brutal white supremacist governor, Eugene Talmadge, organized a grassroots convention with Vance Muses help. To stir up anti-FDR and anti-New Deal hate in the South, Vance Muse used photographs he acquired showing First Lady Eleanor Roosevelt being escorted by two African-American professors at Howard University. Muse used that photo to stir up the white supremacists in Georgia, he leaked it to as many newspapers as he could, and he even brandished it around a Senate hearing he was called before in 1936. Those hearings revealed that the anti-FDR convention that Vance Muse put on, through his Southern Committee to Uphold the Constitution which featured guests of honor like Gerald L K Smith, Americas leading anti-Semite and godfather to the modern American Nazi movement was financed not only by Confederate sponsors like Texan Will Clayton, owner of the worlds largest cotton broker, but also reactionary northeast Republican money: the DuPont brothers, J. Howard Pew of Sun Oil, Alfred Sloan of General Motors... That unholy alliance of Northeastern and Confederate plutocrat money financed the first serious attempt at splitting the Southern Democrats off by exploiting white supremacism, all in order to break labor power and return to the world before the New Deal and to the open shop.
The article is chocked full of useful information and well worth reading in its entirety.
I'll end this with a quote from Vance Muse the opens the linked article.
Vance Muse, founder of the right to work anti-labor campaign
Manning: daily reporting from Nathan Fuller.
Day 1: Defense questions Quantico base commander Col. Daniel Choike.
http://www.bradleymanning.org/news/military-feared-independent-reviews-of-bradleys-treatment-notes-from-the-courtroom-112712
In emails, Col. Choike attempted to justify this position, saying, armchair quarterbacks are not welcome, and that whoever reviewed the confinement would need expertise to understand the command structure and why the military needed to keep Bradley on Prevention of Injury watch. When Bradleys defense brought an Article 138 Complaint (a complaint any member of the Armed Forces can make against his or her commanding officer), the military assigned the Marines own Chief Warrant Officer 5 Abel Galaviz to investigate the conditions, despite the fact that Galaviz and his superior officers had already been involved with and approved of Bradleys confinement status.
Col. Choike testified at length about his specific role in reviewing and maintaining Bradleys maximum security, the collective refusal to listen to brig psychiatrists recommendations for medium security, and just how involved three-star General George Flynn was in directing Bradleys confinement.
The article also reports that mocked taking away Manning's underwear with a Dr. Seuss-like poem.
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