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Matt Yglesias is correct to ding Jamie Dimon for claiming that he pays “39.6 percent in taxes.” But he doesn’t ding him nearly hard enough!

So, in no particular order:

· Matt’s point that the top tax bracket is 35%, not 39.6%, is correct.

· But that’s just the top tax bracket! Assuming he and his spouse are filing jointly, on income under $379,151 they would pay no more than 33%, which declines quickly to brackets of 28%, 25%, 15%, and 10%. So that top tax bracket is only applied to the 379n151st dollar of income and beyond.

· I would be very, very, very surprised to learn that Jamie Dimon and his spouse take claim no deductions, credits, or exemptions on their taxes. Very, very, very, very, very, very surprised.

· I would also be very, very, very, very, very surprised to learn that Dimon & spouse claim all their income as “income” and none of it as “capital gains” which can be taxed at a top rate as low as 15% depending on how it is claimed.

· Dimon is roughly correct about the top tax bracket in New York City – “add in another 12 percent in New York state and city taxes” – but again forgets that this rate is not applied to all his income, just that above the top bracket, which is $90,000 in NYC but a cool half-a-million for the state.

· He weirdly neglects to mention sales or property taxes in this, which would buttress his argument.

Anyway, the point of this is that unless Jamie Dimon has the world’s worst accountant or is patriotically donating to the US Treasury there is just no way he’s giving every other dollar he makes to the government. And his whiny stupidity about this certainly doesn’t strengthen the argument that people who can accumulate Dimon-esque levels of wealth are somehow especially gifted and therefore morally entitled to hoard wealth.

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