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View Diary: Surprise! CBO report shows 50% of government tax expenditures go to top 20% of earners (50 comments)

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  •  That's actually a lot less than I would expect, (3+ / 0-)
    Recommended by:
    WillR, hmi, Cassandra77

    considering how much of the taxable income is earned by the top 20% of earners, and how that report defines "expenditures". Specifically, tax deductions are counted as expenditures.  

    The authors engage in a little bit of fiction: they presume that

    a) There is a natrual tax rate, and
    b) it is the rate before, not after, a host of available tax deductions.

    Consider this: The top 1% of earners earn about 24% of all the income earned.

    By the way: the single most represented profession in that 1% is doctors.  Makes you wonder why we could go through so much health care reform and never touch on things that might actually address that issue.

    LG: You know what? You got spunk. MR: Well, Yes... LG: I hate spunk!

    by dinotrac on Thu May 30, 2013 at 05:10:27 PM PDT

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