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Most people don’t know this, but 46% of all households pay zero income tax. https://www.statista.com/statistics/242138/percentages-of-us-households-that-pay-no-
by seibelj 6y ago
Most people don’t know this, but 46% of all households pay zero income tax. https://www.statista.com/statistics/242138/percentages-of-us-households-that-pay-no-income-tax-by-income-level/ https://www.statista.com/statistics/242138/percentages-of-us...
I think if we actually made everyone pay taxes, as more-socialist countries in the EU do that the American left raves about, there would be a lot less support for raising taxes. Right now “taxing the rich” is easy because so few people pay any taxes!
- nonameiguess 6y ago"Most people" don't know this? It was the centerpiece of Mitt Romney's last presidential campaign and one of the most popular conservative media ecosystem talking points for years. It's hardly a secret. Also extremely misleading since labor income is only one taxable transaction among many that most people take part in, this doesn't account for state income tax, and it also doesn't account for FICA tax, which is federal and still based on labor income.
- TylerE 6y agoHighly misleading since they still pay social security tax, and Medicare tax. Those alone are almost 10% (and that's not even touching sales tax, property tax, etc)
- singlow 6y agoBut to be fair, those aren't the taxes that get raised when one raises taxes. They raise the portion that is effectively zeroed out for a large portion of households who don't earn above the cutoff for the first tax bracket after deductions.