Ferrari Mailing List: Re: Lets change the headers to reflect the content(Please)

[LarryT (l02turner]

Ric -
   your comments are exactly why I added the comment <<figures lie and 
liars figure - so be careful how you read it.>>

As you pointed out the flaws in the link I provided, I realize what a poor 
choice of links it was -

Sincerely,
Larry T  (74 911, 91 300D 2.5T)
www.youroil.net Oil Analysis Kits &
Porsche Posters/Weber parts
.
----- Original Message ----- 
From: "Ric Rainbolt" <ricrainbolt [at] gmail.com>
To: "Larry Turner" <l02turner [at] comcast.net>
Cc: "The FerrariList" <ferrari [at] ferrarilist.com>
Sent: Sunday, November 16, 2008 1:42 AM
Subject: Re: [Ferrari] Lets change the headers to reflect the 
content(Please)


>   Sorry, but this wreaks of cherry picked numbers.
>   In the first section, they talk about the top 400 richest taxpayers.
>   What the heck kind of sample is that? The top 400 probably have the
>   MOST access to shelters and probably 95% of their income is capital
>   gains, NOT wages. So 27% is actually "about right" in terms of the tax
>   code. This TINY group paid $16 BILLION in taxes, according to their
>   own numbers.
>   Also, if you look a the graph in the section "Who Pays Taxes?" You can
>   clearly see, as percentage, the top 400 pay a much higher percentage
>   of Federal Taxes (blue section), it's only Social Security (green
>   section) that makes the huge difference.
>   The next section talks about the top 0.01% of the population,
>   income-wise. These samples represent a tiny, tiny fraction of the
>   population and a very small amount of the total tax burden.
>   As for the top 13,400 richest, I don't care what kind of laws you
>   pass, you're not going the get their money, they're going to keep
>   getting richer as well. They have the means and the staff to safely
>   guard their collective wealth. If you pass laws to try to punish, err
>   "Access" their wealth, you're only going to damage people making much
>   less, such as the aforementioned upper 10% of wage earners. The
>   ultra-wealthy can always move money around the world and exploit all
>   available global shelters.
>   With insane quotes like this: "The Federal Estate tax is the only tax
>   that directly combats the problem of excessive wealth accumulation."
>   it's easy to see where this article's writer(s) loyalties lie.
>   Picking the top 0.01% (or worse yet, the top 400) is designed purely
>   to enrage Joe Plumber's envy and incite class warfare. If you look at
>   the actual dollar amounts this group pays, it probably dwarfs the
>   lower 20, 30 or 40 percentiles.
>   Showing state and local taxes as a percentage of household income is
>   misleading, because they're usually property taxes, which is a
>   fixed-rate tax in most circumstances.
>   I also find it quite curious that they use different date ranges to
>   illustrate different points. This is usually a hallmark of cherry
>   picking, as you get to pick the means and extremes that best support
>   your claims.
>   Also this doozey: "Income distribution in the United States is the
>   most unequal among all developed nations, according to OECD data." The
>   If you want unbiased numbers, to read from yourself, without editorial
>   bias. Check out the web sites of the CBO or IRS. All the data is
>   available in tabular format, and is broken down into reasonable groups
>   (5, 10 and 20 percentile groups).
>   RR
>   At 10:36 PM 11/15/2008, LarryT wrote:
>
>     Here's some charts and info that purports to be accurate for year
>     2000.
>     [1]http://www.askquestions.org/articles/taxes/
>     As someone said, figures lie and liars figure - so be careful how
>     you read
>     it.
>     So I assme there's more than 1 way to put these numbers together -
>     Enjoy
>     Sincerely,
>     Larry T  (74 911, 91 300D 2.5T)
>     [2]www.youroil.net Oil Analysis Kits &
>     Porsche Posters/Weber parts
>
> References
>
>   1. http://www.askquestions.org/articles/taxes/
>   2. http://www.youroil.net/
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