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Originally Posted by Alex
Of course, this is just federal adjusted gross income (which does tend to skew things to the benefit of the wealthier since they have more ways to adjust their income downward).
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Which is what I was getting at with "ALL of their income." All of these numbers tend to obscure the fact that higher income earners have sources of incoming money that do not fall under "income" and can be sheltered from tax.
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But federal income tax is progressive, while sales taxes and payroll taxes tend to be regressive and the picture would change (though I don't know how much) if total tax burden were used.
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Yep. Which is why single-line stats are a terrible way to look at things.