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To: Uncle Miltie
The graphs seem improbable to me, because with the Earned Income Tax Credit and other Federal Transfer Payments, I’m pretty sure the bottom 20% have a net negative tax rate.

You are correct. But, it looks like the graphs showing the share of taxes stops at zero.

I switched out a graph at the last moment, substituting total federal taxes for individual income taxes. It shows the net negative tax rates for the bottom forty percent (at least in 2007):


9 posted on 04/14/2011 10:33:20 AM PDT by justlurking (The only remedy for a bad guy with a gun is a good WOMAN (Sgt. Kimberly Munley) with a gun)
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To: justlurking

Aha. As expected, the bottom 40% are net TAKERS not Tax Payers!


12 posted on 04/14/2011 10:53:03 AM PDT by Uncle Miltie (0bamanomics: Trickle Up Poverty.)
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