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That is a pretty big assertion to make: that on average, most of the tax collection over the entire US is paid by non-college graduates.
by ssphl 4y ago
That is a pretty big assertion to make: that on average, most of the tax collection over the entire US is paid by non-college graduates.
- someotherpersom 4y agoThat’s not the assertion they made. They’re average person paying tax didn’t graduate college, which is different from saying that most of the tax revenue is collected from non-college graduates.
- ssphl 4y agoI think revenue matters since we have a progressive tax rate. Taxes are paid on income, not on people.
- ssphl 4y agoI guess I will do the napkin math: 39% of Americans graduated college [2] Income of mid-career is 111,000 (college) vs 43,000 (HS) [2] Lifetime increase in earnings is estimated 800,000, paying taxes the whole time. So I think the commenter calling this a one time tax deduction is closer to reality than a "regressive tax". Probably less regressive than the 401Ks many college grads have vs HS. [1] https://money.com/wage-gap-college-high-school-grads/ https://money.com/wage-gap-college-high-school-grads/ [2] https://www.cbsnews.com/news/how-many-of-us-are-college-grads/ https://www.cbsnews.com/news/how-many-of-us-are-college-grad...