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Old 11-13-2007, 06:48 PM
spider spider is offline
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Join Date: Sep 2004
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Default Re: Warren Buffet\'s Stance on Taxes

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those ntu figures do not include payroll taxes, but i think they DO include capital gains taxes in their definition of "personal income taxes".

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I agree. The link does not give an explanation but the source is IRS which generally implies the numbers are simply total federal income tax (combo of reg rates, CG rates, credits, AMT, etc.) and do not include state taxes, sales taxes, or FICA. In fact, these aren't the best numbers to use for distributional comparisons but are often used b/c they are the most readily available (specifically, it's otherwise very tough to say much about the super-rich).
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