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789. Re: Morning Metaverse Oct 31, 2013, 16:46 Beamer
 
Actually, I can clarify for Mad Max why his number is bogus.

US total personal income in 2012 was $13,401,868,693 per U.S. Department of Commerce, Bureau of Economic Analysis.
US total taxation in 2012 was 2,770,000,000, per Mad Max (I don't question him, just don't have a readily available source.)
That's about 20.67%.

US total personal income in 2000 was 8,554,866,000. That's a 57% growth rate, by the way. Do you guys feel you're making 57% more?
US total taxation in 2000 was $1,805,566,000 ($2,449,320.53 in 2013 dollars.)
That was a 21.11% tax rate.

So yes, record tax year. But record total personal income year. In reality, it was a lower tax rate than 2000.
 
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