The article does reference this and indicates that those are counted toward the 67% even though it is passed through to individual returns. It's a bit ambiguous but that's how I read it.
in this hypothetical, maybe, lets see. say daddy warbucks pays 30% overall on the 400k (remember he only pays the top rate on the $ over 250k or whatever---im not going to do the exact calculations even if i could figure out how to). .3 x 400,000= $120,000. 15% cap gains on 1,000,000= 150,000. = 270,000 taxes on 1.4 mil = 19.3%. joe blow pays 15% on 50k. so, no, in this case daddy warbucks still pays a higher %, BUT----that doesnt factor in payroll and sales tax. besides, compare it to someone making 250,000 with no "bonus" (19.3% vs 25%) or 1.4 mil with no "bonus" (35%).
What??? That doesn't factor in payroll and sales taxes? You contend that a guy making 50k with no employees pays more payroll and sales tax????? How does that work?
whoops. shouldve used the W. example of saving 2.4 mil in taxes by paying cap gains on compensation from the Rangers sale. payroll taxes are only on the first $90k or so. sales are as regressive as you can get. for example when i was in my first job making peanuts i could save next to nothing so 8% sales tax is basically a huge after-tax tax on take home pay (i suppose you should subtract out rent). for a rich person that spends only 25% of take home pay the 8% sales tax is effectively only 2%.
again, how often do you think rich people actually pay effectively lower rates? i asked this earlier, how many people are like warren buffet and are making so much money from capital gains that it offsets their huge income tax rate? so many that that in general the rich are paying less?
what am trying to do is isolate teh capital gains tax as the reason you fellas think the rich pay less taxes. i dont beleive what you guys are saying is true. but if i did, perhaps the capital gains tax should be reconsidered. as of now i just see a couple dudes making claims that clearly are not true, because rich people pay huge taxes. the fact that there are a few billionaires out there with incredible money skills using tax shelters, this is bad news and loopholes should be closed. but i am certainly not convinced that your average rich guys is paying lower rates. it just isnt possible. what we shoudl be caring about is not raising effective tax rates on the rich but shouting down every big government program obama is trying to shove down our throats so that everone,rich and poor, is paying far less in taxes.
In fact, with taking into account W-4 declarations, bonuses are taxed at a far higher rate for me... to the tune of 40% compared to around 16.2% nominally each paycheck.
ah, so even though the rich guy pays double what you pay in payroll taxes and probably 10, 20, or 100 times what you pay in sales tax (which is the single largest driver of economic growth by the way), he's not paying his fair share because his percentage is less. How can I argue with that.
