re: NYT is trying to claim the 400 wealthiest Americans paid lower tax rate than bottom 50%

quote:

---

Those households are paying more than 40% before payroll, real estate and personal property, gasoline, food, etc.? Bc the $1M households do plus they pay more in all the other categories.

---

A household with $100k income is paying somewhere around 25% in payroll taxes, factor in real estate and personal property tax, that's probably another 5-7% of total income, gasoline has state and federal taxes combined that run as high as .35 cents/gallon, local sales tax in a metropolitan area is generally over 8% ......doesn't take much math to see a household income of $100k is approaching 45-50% in taxes.