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Old 08-16-2011, 09:42 AM   #27
MarchHare
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I get that, but you're not going to go from paying 0% taxes to 10-17% instantly.
Nobody pays 0% taxes. Even the lowest 20% of Americans pay, on average, 16% of their annual income to various taxes as per this site from the University of California, Santa Cruz.

There's actually lots of really fascinating data at that link. For example, the bottom two quintiles of Americans (40% of the population) control just 0.3% of the nation's accumulated wealth. Is raising taxes on them really going to have a noticeable effect on reducing the deficit?

"We need to increase taxes on the poor" is, quite frankly, the most non-nonsensical solution to the deficit crisis I've ever heard.
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