[quote harvey]I think a key word in there is “average.” [/quote]I even tried using the values they provide for the next boundary up.. (I think it was incomes 500k-1m)and its still goofy.
It would also be nice and more honest if they say that for incomes averaging Xmil the average tax cut would be $250,535 instead of choosing to correlate the lower bound of an arbitrary income boundary with the average of an unbounded range. Though note that if you use their income of $2,868,534 getting a tax cut of $725,716.. the numbers still don’t work (725,716 is 25.3% of 2,868534).
Looking at the cuts, it would be nice to know which ones of Romney’s cuts causes the ‘rich’ to have the greatest gain on their analysis. I suspect it is elimination of AMT. Most of the other changes are income limited.
[quote harvey]But I didn’t post this to provide a math exercise.[/quote]True.. but math often can reveal who is and isn’t ‘wearing clothes’ on their statements… and is in some ways ‘core’ to Piggington.
