Portraits of Wildflowers

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Archive for September 21st, 2021

Low on the prairie for snow-on-the-prairie

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I got down low on the prairie
For this snow-on-the-prairie.

Make that Euphorbia bicolor on September 10th in Elgin, some 25 miles east of Austin.

In the same field, slated to soon be part of a quickly growing subdivision,
I noticed some goldenrod plants (Solidago sp.) beginning to put out buds.


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What’s fair?

Of course people disagree about what’s fair in any given situation. One commonly heard claim is that “The rich don’t pay their fair share of taxes.” With that in mind, you may want to check out an article by Adam Michel. Of the many statistics about income and taxes cited in the article for the United States in 2018 based on data from the Internal Revenue Service (IRS), here are two:

The top 1% or earners (people who made at least $540,000 that year) earned 21% of all the income in the country yet paid 40% of all federal income taxes.

The bottom 50% of earners (people who made no more than $43,600 that year) earned 12% of all the income in the country but paid only 3% of all federal income taxes.

It seems that paying “a fair share” would require the ultra-rich to have their taxes cut roughly in half (21%/40%), while the lower half of the country’s earners would need to have their taxes quadrupled (12%/3%).

As Adam Michel’s article also notes: “Looking at all federal taxes, the Congressional Budget Office shows that the top 1% pay an average federal tax rate of 32%. The data show tax rates decline with income, and the poorest 20% of the population pay an average tax rate of just 1%. The left-leaning Tax Policy Center found similar results.”

Apparently the big disparity in federal tax rates between 32% and 1% isn’t unfair enough for activists to consider it fair.

© 2021 Steven Schwartzman

Written by Steve Schwartzman

September 21, 2021 at 4:37 AM

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