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Old 11-13-2007, 06:58 PM
CrushinFelt CrushinFelt is offline
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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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Well, I can't just take your word on this. What are the relative sizes of total income tax revenue versus the other items? If income tax dwarfs them (which I would think it does but I have not seen any comparison) then these numbers are fine to reference.
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