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I think a lot of people care that the poor and middle class are paying their fair share of taxes while millionaires and corporations are not. But I agree that
by jklinger410 5y ago
I think a lot of people care that the poor and middle class are paying their fair share of taxes while millionaires and corporations are not.
But I agree that this probably isn't a great topic for HN.
- twofornone 5y ago>taxes while millionaires and corporations are not. This lazy myth needs to die. I don't remember the exact statistics but the top 10% pay a huge share of taxes, and something like the bottom 50% pay next to nothing.
- mlindner 5y agoCorporations can pay 0$ for a lot or very legitimate reasons. For example no sale of assets or negative profit, among other reasons.
- tejtm 5y agoYet for corporeal entities such reasons are deemed very illegitimate ... funny that.
- mehrdada 5y agoAt any given year there will be N corporations whose tax bill will be zero. It's not even relevant as a policy matter that "55 corporations" are cherrypicked to have $0 tax bill for a certain year. It's not legitimate tax policy debate even, just clickbait.
- marcusverus 5y agoPer the Tax Foundation, the bottom three quintiles by income are net recipients of federal tax money. See the third graphic: https://taxfoundation.org/average-federal-tax-rates-income-group/ https://taxfoundation.org/average-federal-tax-rates-income-g...