Old 01-27-2013, 04:59 PM
Ronn Burgandy
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Originally Posted by Crabpot Man View Post
28.9% effective is the federal average rate for the high earners, some pay less some pay more.

At $60 million annually of taxable income, deductions, ss and marginal rates below the top are meaningless, hundredths of a percentage point.

Feds 39.6%
Calif 13.3%
Medi 2.9%

Total 55.8%

Lets stay apples to apples and leave out the corporate tax rates.

The average individual federal income effective tax rate is 21.0%. That's for the top 1%. As for your belief about percentage points, how was it possible for the top 400 individual earners to pay an average effective rate of 17.17% and 16.62%?

In 2007
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