In 2008, for instance, Americans paid about 26 percent of GDP in total taxes.
FORBES: Obama's Pandering To The Business Lobby And The Truth About Taxes
Meaning, after the Bush tax cuts became effective, these individuals paid a higher proportion of total taxes.
Among all voters 51% oppose the proposal and a 48% plurality thinks it will increase their total taxes.
Thorndike uses the method adopted by Romney to draw comparisons: total taxes owed divided by adjusted gross income.
It will also likely use technology to develop highly sophisticated computer modeling to estimate the total taxes we ought to pay.
In Switzerland, two-thirds of total taxes, including individual and corporate income taxes, are levied by the cantons, not the central government.
The average retired person today can expect to collect lifetime benefits five times as great as the total taxes that he or she once paid, plus interest.
This double taxation equals federal taxes of 45 cents on every dollar of taxable income paid as dividends (and total taxes of more than 53 cents in high tax states like New York).
What is missing from all this talk about tax is the fact that although the rich pay higher taxes than the poor, middle-class people actually pay a higher percentage of their income in total taxes.
As Table 2 shows very clearly, the top 0.1% and top 1% of earners (which includes all millionaires and billionaires) had major increases in their income tax payments between 2003 and 2007, both in absolute dollars as well as in their % contribution to total taxes while the 25-50% income group and the bottom 50% income group saw their share of total taxes fall and their absolute tax payments increased trivially.
FORBES: After Bush Tax Cuts, Payments By Wealthy Actually Increased
The top 1% of income earners that year earned 22% of income but paid 40.4% of total income taxes.
Spending would consequently grow more slowly than total state taxes, which also tend to grow at the rate of state economic growth.
FORBES: Bobby Jindal Seeks Rich State Status With Income Tax Phaseout
The top 1% alone paid way over twice the share of total federal taxes as the entire middle 20%, while earning less of a share of income.
FORBES: Obama's Shocking Fallacies, America's Not-So-Shocking Failures
In fact, all four times in the past 80 years when marginal income tax rates were lowered, the proportion of total income taxes paid by the top 1% of earners increased, and the proportion paid by the lower 50% of income decreased.
FORBES: The Fiscal Cliff Is Built On A Mountain Of Ignorance
Noteworthy is the income impact of taxes: under the current system, only high earners end up with a smaller share of total income after taxes.
FORBES: The Path To Tax Reform: Cutting Taxes For Those Who Pay For Them
How can any rational person who knows the facts interpret that 1% paying a total of 38.7% of the income taxes and 80% paying a total of 6% of the income taxes shows that the wealthy are not paying their fair share?
Ross almost surely paid less than 20 percent of his total income in taxes.
Thus, while U.S. tax on the three years of royalty income is accelerated, the total amount of taxes is not increased.
FORBES: Corporations Can Prepay Royalties To Access Foreign Cash
We know that the only rational objective for most long-term investors is to earn a real total return after taxes and inflation.
FORBES: The Case For Higher Stock Prices After Tax Increases
If you book a flight today on the low-fare carrier Allegiant Air, www.allegiantair.com, you will notice that it bumps up the round-trip total by adding taxes and fees.
FORBES: The New World Order on Airfares (Fees and Taxes Included)
The share of total federal income taxes paid by the top 1% rose from 37% in 2000, before the Bush tax cuts, to 40% in 2007, after the tax cuts.
Those middle class tax cuts would be an extension of 30 years of Reagan Republican tax policy only cutting federal income taxes on the middle class, to the point where the middle 20% of income earners by 2009 paid only a negligible portion of total federal income taxes.
FORBES: Don't Believe Obama's Ads, Romney Is A Middle Class Tax Cutter
The child's salary then helps reduce the total amount of income taxes the parent pays.
Underneath the calendar that lists other available travel dates, there is range that shows what the round-trip total would be with taxes and fees included.
FORBES: The New World Order on Airfares (Fees and Taxes Included)
That means altogether the bottom 60% of income earners, which includes the middle class, paid less than 0% of total federal individual income taxes as a group on net.
FORBES: Obama's Shocking Fallacies, America's Not-So-Shocking Failures
In sharp contrast, in that same year, the middle 20% of income earners, the true middle class, paid 2.7% of total federal individual income taxes on net, while earning 15% of before-tax income.
FORBES: Obama's Shocking Fallacies, America's Not-So-Shocking Failures
We eliminated any taxes that were not paid largely by individuals, such as business licenses and taxes on public utilities, which left us with the total amount states earned from income taxes, property taxes, sales taxes, hunting and fishing licenses and taxes on alcohol, tobacco and gas, among other goods.
Thus, one key question is whether the cut in dividend taxes increased the total amount companies distributed to their shareholders or just changed the way they did it by, for instance, increasing dividends but reducing share repurchases.
FORBES: Senate Democrats Make Curious Choice To Keep Dividend Taxes Low
Compare this to the total share of Federal income taxes paid by the 80% of tax payers who are in the 2nd through 5th quintile of earners who paid less than 6% of the total Federal income tax burden in 2009 (data from the Congressional Budget Office).
That revenue total does not include the payroll taxes devoted to paying Social Security.
应用推荐