3 ms·
the top 10% of taxpayers paid 70.87% of federal income taxes in 2014 [0]. and did you know that the bottom 50% paid 2.75%? would dropping that 2.75% down to z
by elsewhen 8y ago
the top 10% of taxpayers paid 70.87% of federal income taxes in 2014 [0].
and did you know that the bottom 50% paid 2.75%?
would dropping that 2.75% down to zero (which sounds fine to me) avert the breaking point?
[0] https://files.taxfoundation.org/20170201145744/FF540-1.png https://files.taxfoundation.org/20170201145744/FF540-1.png
- koonsolo 8y agoTop 10% of tax payers =/= top 10% of wealthiest people. If you know how taxes work, and know how multinationals do taxes, you know enough.
- elsewhen 8y agocapital gains taxes represent less than 10% of total revenue [0] raised by the IRS. sure the rates can be raised, but is that going to make a meaningful dent? [0] https://pocketsense.com/percent-irs-revenue-comes-capital-gains-tax-1105.html https://pocketsense.com/percent-irs-revenue-comes-capital-ga...