Wealth distribution in the US

[spudcon]

Originally Posted by xoxoxoBruce

I got a kick out of Ben Stein whining about the expiring tax cuts, on Sunday Morning. Whining about how after he pays his agent and taxes, he ends up with only 31% of his earnings.

1- the agent is a tax deduction.
2- much of the taxes he is paying, are property taxes on numerous multi-million dollar properties he owns.

No wonder he was a Nixon speech writer.

Who should get the other 69% that he earned, and what did they do to earn it?

[xoxoxoBruce]

Originally Posted by spudcon

Who should get the other 69% that he earned, and what did they do to earn it?

I should, but that ain't happening.
The various government entities he pays it to should, and do, get it.
I would guess 36%(after deductions, loopholes, and all the other taxes are deducted), plus SS, to the feds
Whatever the CA income tax is to the state.
10/15/20%? to his agent, which is deductible.
The rest to the communities where his real estate holdings are, just like you and myself.