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Good for them. This is why politicians say they want to help the middle class. They are always paying the majority of taxes. The politicians hardly ever live

Good for them. This is why politicians say they want to help the middle class. They are always paying the majority of taxes. The politicians hardly ever live up to promises. The important thing to remember is that, fortunately we don't live in a one-world government so the US is forced to compete with Ireland or other countries on taxes. There is a ceiling on how much you can tax before companies say F this I'm going else where. The "problem" is small US businesses can't replicate easily. The obvious solution is to level the playing field and make the US competitive on tax rates or drop taxes all together.

adventured 8y ago
> This is why politicians say they want to help the middle class. They are always paying the majority of taxes. 87% of income taxes are paid by the top 25%; 70% of income taxes are paid by the top 10%. The middle class in the US pays an extraordinarily low effective tax rate. The US has a very progressive tax system. The 50% to 25% income bracket, which makes up most of the middle class, has a 7% average federal income tax rate. Few other developed nations come remotely close to having something like that. The politicians pander to the middle class out of virtue signaling (it's a great ideological sound bite) and for votes (it's still a large voting block).
- marcrosoft 8y ago
  > 87% of income taxes are paid by the top 25%; 70% of income taxes are paid by the top 10%. Do you have an reputable source of truth for this? > The 50% to 25% income bracket, which makes up most of the middle class, has a 7% average federal income tax rate. Any source of truth for this? I'm a sample of one but I pay at least quadruple this rate every year since I can remember and I'm not an edge case. 7% is a joke. I would love to pay that.