Nah fam. We have tried neoliberalism and this is where it takes us.
Likely also false. Bezos has already come out and called it ridiculous. The New York Post was the initial reporting and they cite a "report" but don't link it or attribute it to anybody.
Does this look like the poor and middle class are paying disproportionately?
taxfoundation.org
This. No matter how poor they are, as long as their are minorities and gays to look down on, it makes them feel superior
Poor high-income taxpayers. So sadDoes this look like the poor and middle class are paying disproportionately?
I think I've about worn a hole in the internet googling this stuff. The poor don't pay squat in income taxes, thanks to George W. Bush. They pay some sales tax imposed by the states and SS, for which they receive an oversized benefit in relation to what they pay in.
Summary of the Latest Federal Income Tax Data, 2024 Update
The Tax Cuts and Jobs Act (TCJA) made many significant, but temporary, changes to the individual income tax code to lower tax rates, widen brackets, increase the standard deduction and child tax credit, and more.
High-Income Taxpayers Paid the Highest Average Income Tax Rates
In 2021, taxpayers with higher incomes paid much higher average income tax rates than taxpayers with lower incomes.
The bottom half of taxpayers, or taxpayers making under $46,637, faced an average income tax rate of 3.3 percent. As household income increases, average income tax rates rise. For example, taxpayers with AGI between the 10th and 5th percentiles ($169,800 and $252,840) paid an average income tax rate of 14.3 percent—four times the rate paid by taxpayers in the bottom half.
The top 1 percent of taxpayers (AGI of $682,577 and above) paid the highest average income tax rate of 25.93 percent—nearly eight times the rate faced by the bottom half of taxpayers.
High-Income Taxpayers Paid the Majority of Federal Income Taxes
In 2021, the bottom half of taxpayers earned 10.4 percent of total AGI and paid 2.3 percent of all federal individual income taxes. The top 1 percent earned 26.3 percent of total AGI and paid 45.8 percent of all federal income taxes.
In all, the top 1 percent of taxpayers accounted for more income taxes paid than the bottom 90 percent combined. The top 1 percent of taxpayers paid more than $1 trillion in income taxes while the bottom 90 percent paid $531 billion.
I think one problem is the A in AGI. You can look at Trump as example one. Of the tax returns that have been released, he takes paper losses most years and pays almost no tax. There are many years where he would not be considered in the top 1% of income earners and a year or two where he wouldn't be in the top 90% while he is almost certainly in the top .1% of wealth. And he's not doing anything that most other really rich people don't do.Does this look like the poor and middle class are paying disproportionately?
I think I've about worn a hole in the internet googling this stuff. The poor don't pay squat in income taxes, thanks to George W. Bush. They pay some sales tax imposed by the states and SS, for which they receive an oversized benefit in relation to what they pay in.
Summary of the Latest Federal Income Tax Data, 2024 Update
The Tax Cuts and Jobs Act (TCJA) made many significant, but temporary, changes to the individual income tax code to lower tax rates, widen brackets, increase the standard deduction and child tax credit, and more.
High-Income Taxpayers Paid the Highest Average Income Tax Rates
In 2021, taxpayers with higher incomes paid much higher average income tax rates than taxpayers with lower incomes.
The bottom half of taxpayers, or taxpayers making under $46,637, faced an average income tax rate of 3.3 percent. As household income increases, average income tax rates rise. For example, taxpayers with AGI between the 10th and 5th percentiles ($169,800 and $252,840) paid an average income tax rate of 14.3 percent—four times the rate paid by taxpayers in the bottom half.
The top 1 percent of taxpayers (AGI of $682,577 and above) paid the highest average income tax rate of 25.93 percent—nearly eight times the rate faced by the bottom half of taxpayers.
High-Income Taxpayers Paid the Majority of Federal Income Taxes
In 2021, the bottom half of taxpayers earned 10.4 percent of total AGI and paid 2.3 percent of all federal individual income taxes. The top 1 percent earned 26.3 percent of total AGI and paid 45.8 percent of all federal income taxes.
In all, the top 1 percent of taxpayers accounted for more income taxes paid than the bottom 90 percent combined. The top 1 percent of taxpayers paid more than $1 trillion in income taxes while the bottom 90 percent paid $531 billion.
but the bottom 75% are voting for the .01% because the .0001% can buy the votes
[watch you do not get what you deserve] [MOD Note - if this is a joke I missed it — it sounds like a threat, which would cross a red line here — leaving it up for now in case I just misunderstood irony or something]
Comparison would be more interesting if it included FICA taxes. For self-employed or contractors under the $100k+ cutoff, they are already at 16% before the income tax is even added.Does this look like the poor and middle class are paying disproportionately?
I think I've about worn a hole in the internet googling this stuff. The poor don't pay squat in income taxes, thanks to George W. Bush. They pay some sales tax imposed by the states and SS, for which they receive an oversized benefit in relation to what they pay in.
Summary of the Latest Federal Income Tax Data, 2024 Update
The Tax Cuts and Jobs Act (TCJA) made many significant, but temporary, changes to the individual income tax code to lower tax rates, widen brackets, increase the standard deduction and child tax credit, and more.
High-Income Taxpayers Paid the Highest Average Income Tax Rates
In 2021, taxpayers with higher incomes paid much higher average income tax rates than taxpayers with lower incomes.
The bottom half of taxpayers, or taxpayers making under $46,637, faced an average income tax rate of 3.3 percent. As household income increases, average income tax rates rise. For example, taxpayers with AGI between the 10th and 5th percentiles ($169,800 and $252,840) paid an average income tax rate of 14.3 percent—four times the rate paid by taxpayers in the bottom half.
The top 1 percent of taxpayers (AGI of $682,577 and above) paid the highest average income tax rate of 25.93 percent—nearly eight times the rate faced by the bottom half of taxpayers.
High-Income Taxpayers Paid the Majority of Federal Income Taxes
In 2021, the bottom half of taxpayers earned 10.4 percent of total AGI and paid 2.3 percent of all federal individual income taxes. The top 1 percent earned 26.3 percent of total AGI and paid 45.8 percent of all federal income taxes.
In all, the top 1 percent of taxpayers accounted for more income taxes paid than the bottom 90 percent combined. The top 1 percent of taxpayers paid more than $1 trillion in income taxes while the bottom 90 percent paid $531 billion.
We arent talking about the top 1% here. We are talking about dividing that percentage by a factor of 100. Those folks aren't paying shit as compared to their wealth and income.Does this look like the poor and middle class are paying disproportionately?
I think I've about worn a hole in the internet googling this stuff. The poor don't pay squat in income taxes, thanks to George W. Bush. They pay some sales tax imposed by the states and SS, for which they receive an oversized benefit in relation to what they pay in.
Summary of the Latest Federal Income Tax Data, 2024 Update
The Tax Cuts and Jobs Act (TCJA) made many significant, but temporary, changes to the individual income tax code to lower tax rates, widen brackets, increase the standard deduction and child tax credit, and more.
High-Income Taxpayers Paid the Highest Average Income Tax Rates
In 2021, taxpayers with higher incomes paid much higher average income tax rates than taxpayers with lower incomes.
The bottom half of taxpayers, or taxpayers making under $46,637, faced an average income tax rate of 3.3 percent. As household income increases, average income tax rates rise. For example, taxpayers with AGI between the 10th and 5th percentiles ($169,800 and $252,840) paid an average income tax rate of 14.3 percent—four times the rate paid by taxpayers in the bottom half.
The top 1 percent of taxpayers (AGI of $682,577 and above) paid the highest average income tax rate of 25.93 percent—nearly eight times the rate faced by the bottom half of taxpayers.
High-Income Taxpayers Paid the Majority of Federal Income Taxes
In 2021, the bottom half of taxpayers earned 10.4 percent of total AGI and paid 2.3 percent of all federal individual income taxes. The top 1 percent earned 26.3 percent of total AGI and paid 45.8 percent of all federal income taxes.
In all, the top 1 percent of taxpayers accounted for more income taxes paid than the bottom 90 percent combined. The top 1 percent of taxpayers paid more than $1 trillion in income taxes while the bottom 90 percent paid $531 billion.
I couldn’t find it either. And, yes, Musk is absolutely manic.
Just like Trump
I looked and finally gave up without finding it, as well
Wait, so you're saying that people that make more money pay more income taxes? Wow, who would have ever thought such a thing...Does this look like the poor and middle class are paying disproportionately?
I think I've about worn a hole in the internet googling this stuff. The poor don't pay squat in income taxes, thanks to George W. Bush. They pay some sales tax imposed by the states and SS, for which they receive an oversized benefit in relation to what they pay in.
Summary of the Latest Federal Income Tax Data, 2024 Update
The Tax Cuts and Jobs Act (TCJA) made many significant, but temporary, changes to the individual income tax code to lower tax rates, widen brackets, increase the standard deduction and child tax credit, and more.
High-Income Taxpayers Paid the Highest Average Income Tax Rates
In 2021, taxpayers with higher incomes paid much higher average income tax rates than taxpayers with lower incomes.
The bottom half of taxpayers, or taxpayers making under $46,637, faced an average income tax rate of 3.3 percent. As household income increases, average income tax rates rise. For example, taxpayers with AGI between the 10th and 5th percentiles ($169,800 and $252,840) paid an average income tax rate of 14.3 percent—four times the rate paid by taxpayers in the bottom half.
The top 1 percent of taxpayers (AGI of $682,577 and above) paid the highest average income tax rate of 25.93 percent—nearly eight times the rate faced by the bottom half of taxpayers.
High-Income Taxpayers Paid the Majority of Federal Income Taxes
In 2021, the bottom half of taxpayers earned 10.4 percent of total AGI and paid 2.3 percent of all federal individual income taxes. The top 1 percent earned 26.3 percent of total AGI and paid 45.8 percent of all federal income taxes.
In all, the top 1 percent of taxpayers accounted for more income taxes paid than the bottom 90 percent combined. The top 1 percent of taxpayers paid more than $1 trillion in income taxes while the bottom 90 percent paid $531 billion.
The florist bill is often bigger than the catering bill.
Have you heard of FICA and excise taxes?Does this look like the poor and middle class are paying disproportionately?
I think I've about worn a hole in the internet googling this stuff. The poor don't pay squat in income taxes, thanks to George W. Bush. They pay some sales tax imposed by the states and SS, for which they receive an oversized benefit in relation to what they pay in.
Summary of the Latest Federal Income Tax Data, 2024 Update
The Tax Cuts and Jobs Act (TCJA) made many significant, but temporary, changes to the individual income tax code to lower tax rates, widen brackets, increase the standard deduction and child tax credit, and more.
High-Income Taxpayers Paid the Highest Average Income Tax Rates
In 2021, taxpayers with higher incomes paid much higher average income tax rates than taxpayers with lower incomes.
The bottom half of taxpayers, or taxpayers making under $46,637, faced an average income tax rate of 3.3 percent. As household income increases, average income tax rates rise. For example, taxpayers with AGI between the 10th and 5th percentiles ($169,800 and $252,840) paid an average income tax rate of 14.3 percent—four times the rate paid by taxpayers in the bottom half.
The top 1 percent of taxpayers (AGI of $682,577 and above) paid the highest average income tax rate of 25.93 percent—nearly eight times the rate faced by the bottom half of taxpayers.
High-Income Taxpayers Paid the Majority of Federal Income Taxes
In 2021, the bottom half of taxpayers earned 10.4 percent of total AGI and paid 2.3 percent of all federal individual income taxes. The top 1 percent earned 26.3 percent of total AGI and paid 45.8 percent of all federal income taxes.
In all, the top 1 percent of taxpayers accounted for more income taxes paid than the bottom 90 percent combined. The top 1 percent of taxpayers paid more than $1 trillion in income taxes while the bottom 90 percent paid $531 billion.
Lyndon Johnson said it almost six decades ago, and it's still true - "I'll tell you what's at the bottom of it...If you can convince the lowest white man he's better than the best colored man, he won't notice you're picking his pocket. Hell, give him somebody to look down on, and he'll empty his pockets for you."
Where LBJ was wrong was he said that the Democrats had given the South to the Republicans for a generation upon signing the Civil Rights Acts.
