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"In 2015, the average household in the top 1 percent received pensions subsidies worth over $13,000 while the average benefit for a middle-class family was only
by bobby_9x 11y ago
"In 2015, the average household in the top 1 percent received pensions subsidies worth over $13,000 while the average benefit for a middle-class family was only $1,000."
The reason is that the top 1% made and contributed probably 10 or 20 or 30 times more than any middle-class family.
In addition to this, they all pay employees, which contribute even more tax money to the system (which is never discussed in articles like this).
This article paints the false narrative that the 1% aren't paying their 'fair share'. In fact, they pay the majority of federal taxes every year and corporate taxes are some of the highest in the world...and you want them to pay more?!
The majority of stories I see about companies paying $0 in taxes, etc are nearly all reporters purposely preying on the ignorance of the average person that has no idea how corporate taxes work.
For instance, I got back thousands of dollars last year and if you took it out of context, you might think that I paid no taxes that year. However, it's only because corporations have to pay estimated quarterly taxes, and if your sales are down and you don't make as much, you get the extra money back (that you over-estimated based on current sales).
So we could change the system, where the government takes way more, in an effort to be 'fair'. But the problem is it won't be the same. The government doesn't create anything.
The 1% will leave the country well before this happened, and the middle class will be be the next one in line.
- lawtguy 11y ago> In addition to this, they all pay employees, which contribute even more tax money to the system (which is never discussed in articles like this). Generally, the taxes other people pay on your expenditures doesn't count towards your taxes. I can't claim the taxes Walmart pays on the money I spent on groceries. Similarly, business owners can't claim the taxes their employees pay on their salaries. If you are suggesting that we tax rich people less so they can spend more money, this is supply side economics (https://en.wikipedia.org/wiki/Supply-side_economics https://en.wikipedia.org/wiki/Supply-side_economics). The US been experimenting with this for the last 30+ years and it largely doesn't result in more taxes paid or better GDP growth.