Trump Admin scraps ACA signup in 18 cities

[vivster]

fatslob-:O said:

vivster said:

Yeah, but doesn't the top 10% make like 90% of the total income? The rich should be paying more percentage wise than the middle or lower class and not less.

So if the top 10% make 90% of all the money they should be paying about 95% of all the income tax.

As your chart beautifully shows, increasing tax on the middle class and the poor does do shit, so taxes are best raised for the richest.

LAWL no, where did you even get the idea that 10% took in 90% of the entire share of total US income ? How does the 90% even live in these expensive cities with 10% of the income share ? The top 10% rakes in 45% of the total US income just to show you how progressive the tax system is I'll give you these stats ... 

The top 10% is only allowed to take in 72% of their income ... (28% goes into federal income tax)

The top 5% is only allowed to take in 67% of their income ... (33% goes into federal income tax)

The top 1% is only allowed to take in 60% of their income ... (40% goes into federal income tax) 

The best part of it all is that all of this only includes federal income tax so the rich take in even LOWER share depending on their state/district ... (Only way to get lower tax rates is throught stocks or bonds but that's different since you can't cash in directly on reinvestments and it benefits common americans too) 

Like I said, the only way subsidized healthcare would work is if we rob the 1% income every year instead ... 

It's kinda hard to believe that the top 10% only make 45% of the money. Do you have a source for that? I couldn't find one.

As for the tax system, it's obviously broken. It doesn't matter how high the tax is when there are lobbied loopholes in every bill.

This chart seems more accurate. The more money you make, the more you can lobby and the less you have to pay.

Income tax isn't the only way though to separate rich people from their money. There are plenty of taxes that could be levied that mostly affect the rich.