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In reality, the US rich pay a higher proportion of taxes relative to income earned than any other OECD country. http://taxfoundation.org/blog/no-country-leans-
by yummyfajitas 11y ago
In reality, the US rich pay a higher proportion of taxes relative to income earned than any other OECD country.
http://taxfoundation.org/blog/no-country-leans-upper-income-households-much-us http://taxfoundation.org/blog/no-country-leans-upper-income-...
It's true that poorer folks in the US are unproductive and contribute very little to society via market mechanisms (most don't even work). They are in fact a net drain after accounting for taxes and transfers.
I fail to see how the rich continuing to be productive and paying far more than their fair share is "chutzpah".
- plandis 11y agoI'm not the most well versed but it doesn't look like that says anything about "income" that is derived from capital gains. For instance Warren Buffet has remarked that his effective tax rate is actually around 17.4%.
- yummyfajitas 11y agoCapital gains is personal income. So yes, it almost certainly does. Additionally, that figure (much like Warren Buffer) understates what the rich pay - first the corporation they own pays taxes, then they pay taxes again when the profit is distributed to shareholders. It's a misrepresentation equivalent to claiming that middle class folks don't pay the employer portion of payroll taxes.
- eli_gottlieb 11y ago>It's true that poorer folks in the US are unproductive and contribute very little to society via market mechanisms (most don't even work) [citation needed]
- yummyfajitas 11y agohttp://www.census.gov/content/dam/Census/library/publications/2015/demo/p60-252.pdf http://www.census.gov/content/dam/Census/library/publication... See table 3. 60% of poor adults (age 18-64) did not work even a single week during the year. 12% worked full time year round.