sc94597 said:
This is not a fact. Federal income and capital gains taxes are only a subset of overall taxes. If you include FICA, SUTA, FUTA, sales taxes, state income taxes (many have non-graduated rates; my state is a flat 3.07% for example), local income taxes, and now tariffs the top 50% are definitely not paying 97%. The U.S has a pretty progressive income tax system, but this is balanced out by all of the other taxes. The most costly social programs that benefit the bottom 50% have a flat or regressive tax (FICA is income capped for SS) that funds them. |
I was obviously talking about income, but fair. SS and state are a percent, so high income earners are paying more. Property tax is based on home value, so high income are paying more. Sales tax is a percent so high income via more expensive items are paying more.
6.5% of 150k is more than 6.5% of 50k... in fact 3x more.
The bottom 50% are paying a fraction compared to the top 50%, sorry that is a fact.
The solution to all the problems can't be "steal money from others."
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