[83384] in North American Network Operators' Group
Re: Way OT: RE: @Home's 119 domain names up for sale
daemon@ATHENA.MIT.EDU (Andy Davidson)
Fri Aug 12 12:50:17 2005
Date: Fri, 12 Aug 2005 17:46:48 +0100
From: Andy Davidson <andy@nosignal.org>
To: crist.clark@globalstar.com
Cc: Matthew Black <black@csulb.edu>, nanog@merit.edu
In-Reply-To: <42FBC9A3.9070806@globalstar.com>
Errors-To: owner-nanog@merit.edu
Hi,
With apologies to the topic fairies ..
Crist Clark wrote:
> 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.
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 !
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
