[lbo-talk] Gallup on bailout

[Andy]

On Thu, Oct 9, 2008 at 11:18 AM, Jordan Hayes <jmhayes at j-o-r-d-a-n.com> wrote:
>>> No - the chart shows the effective tax rate by income group - i.e., what
>>> people pay (as opposed to the rate on the books) as a percentage of
>>> income.
>>
>> And a wonderfully handy one at that to show anybody who thinks we have
>> a progressive tax rate.
>
> The US only has a progressive *income tax* ... since Doug's chart shows the
> net impact of all taxes, including the so-called "payroll taxes" it's a good
> tool to show people how those taxes upset the progressive tax apple cart.

Right, that's what I meant.

-- 
Andy