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North American Network Operators Group Date Prev | Date Next | Date Index | Thread Index | Author Index | Historical Re: Way OT: RE: @Home's 119 domain names up for sale
Hi, With apologies to the topic fairies .. Crist Clark wrote: The top few percent will pay a lower _percentage_ of their income to the government in tax than a middle earner would (a high earner will typically save more, or in other words their marginal propensity to save is higher) - they are also able to save more and afford better accountants who will help them avoid paying tax !It matters how you look at income taxes (figures never lie, but liars figure). The top 3% of earners pay about 40% of all income taxes. The top 1/12% pay about 10% of the taxes. Why do the super rich guys want a flat tax? And the other obvious problem, you pay a lot of taxes, probably more than you realize, besides income tax. In the UK, income tax is hugely regressive - a middle earner may end up paying 51% of some proportion of their income in direct tax alone (combining NHIS contributions and income tax) - this then falls to 41% (combined) when the NHIS contributions hit a certain level. The tax burden on high earners is further reduced when one considers that indirect sales tax in the UK is 17.5%. -a
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