lemdawg

There are major flaws in your argument. I'm not going to get into my personal beliefs on the comment that you were referring to but I will make some things clearer for you. First off, when the US reports the top 1% and their average incomes, they are stating the Adjusted Gross Income (AGI), meaning it is the annual income from salaries minus many deductions. These deductions, similar to the ones Trump may use, vastly decrease the income that is taxed. Thus, their actual income would be well above the $429,000 you mentioned. According to the Washington Center for Equitable Growth, the average household income (not AGI) would be somewhere around $1,260,000. Second, you must understand tax rates before you claim that amount of money would be taxed. I'll try to explain this without confusing you or myself lol. The US uses a progressive tax rate but you only pay taxes on whatever amount that falls into each bracket. Say there are 3 tax brackets corresponding to AGIs of $0-100000, $100001-250000, and $250001+ with the tax levels being 5%, 25%, and 90% respectively. Someone who made anything under $100,000 would be taxed at 5%. However, if they made $200,000, they would be taxed at 5% for the first 100,000 of income and 25% for the next 100,000. If they made 400,000, the would be taxed at 5% for the first 100,000 of income, at 25% for the next 150,000 and at 90% for any remaining income over $250,000. This prevents the government from taxing you the full 90% just because you are in the 90% bracket. Even with that, the highest tax bracket in the US is just under 40% so not that much money would be taken regardless. Hopefully you understand this and stop telling people to pick up textbooks when you aren't fully educated on the topics yourself. Sincerely, A college graduate with degrees in Accounting and Economics. Go Dawgs!

If you call a campus that's 77% white diverse, then yes you are correct.