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Adjusting taxation to benefit people with less wealth while using public money to help people is too difficult to actually accomplish because people with more w

Adjusting taxation to benefit people with less wealth while using public money to help people is too difficult to actually accomplish because people with more wealth use that wealth to game the system in ways that helps them preserve (and grow) their wealth.

jayd16 3y ago
We could remove wealth from politics to a much greater degree than we do now but that would need an amendment stating money is not speech.
deleted 3y ago
[deleted]
adventured 3y ago
If that were true the top 10% income bracket wouldn't be paying the extreme majority of all the income taxes in the US (around 73% of all income taxes). Instead they'd pay very little. The US is a highly progressive taxation country. By comparison, Scandinavian countries are far less progressive on taxation, the burden is spread wider, you're made to pay for eg your healthcare costs in said countries via high taxation. Also compare the typically modest US sales tax levels vs the high VAT taxes across Europe and elsewhere. Here are the facts for the US taxation profile. Top 1% of income earners - share of all income: 22%, share of all income taxes paid: 42%. Average income tax rate: 26%. So you've got the top 1% paying 42% of all income taxes. If they actually controlled taxation (ie if the US system of government worked by bribery as is so often incorrectly claimed), it's very clear that wouldn't be how things work. 5% to 1% bracket - share of all income: 16%, share of all income taxes paid: 20%. Average income tax rate: 17%. 10% to 5% bracket - share of all income: 11%, share of all income taxes paid: 11%. Average income tax rate: 13%. 25% to 10% bracket - share of all income: 21%, share of all income taxes paid: 15%. Average income tax rate: 10%. 50% to 25% bracket - share of all income: 19%, share of all income taxes paid: 9%. Average income tax rate: 7%. Bottom 50% - share of all income: 10%. Share of all income taxes paid: 2%. Taxpayers in the US earning under $42,000 had an average income tax rate of 3%.
- Guvante 3y ago
  Everyone paying the government instead of a healthcare insurance company does not make the US more progressive. Yet your evidence implies that is the case. Similarly talking about progressive income tax and ignore other forms of taxation is silly. Way more than 3% of the lower 50% income goes to taxes they just aren't federal income tax.
- dragonwriter 3y ago
  > If that were true the top 10% income bracket wouldn't be paying the extreme majority of all the income taxes in the US (around 73% of all income taxes “Income taxes” are only about 57% of federal taxes on income. And the other 43% are bottom-weighted payroll taxes.

jayd16 3y ago

We could remove wealth from politics to a much greater degree than we do now but that would need an amendment stating money is not speech.

deleted 3y ago

[deleted]

adventured 3y ago

If that were true the top 10% income bracket wouldn't be paying the extreme majority of all the income taxes in the US (around 73% of all income taxes). Instead they'd pay very little. The US is a highly progressive taxation country. By comparison, Scandinavian countries are far less progressive on taxation, the burden is spread wider, you're made to pay for eg your healthcare costs in said countries via high taxation. Also compare the typically modest US sales tax levels vs the high VAT taxes across Europe and elsewhere. Here are the facts for the US taxation profile. Top 1% of income earners - share of all income: 22%, share of all income taxes paid: 42%. Average income tax rate: 26%. So you've got the top 1% paying 42% of all income taxes. If they actually controlled taxation (ie if the US system of government worked by bribery as is so often incorrectly claimed), it's very clear that wouldn't be how things work. 5% to 1% bracket - share of all income: 16%, share of all income taxes paid: 20%. Average income tax rate: 17%. 10% to 5% bracket - share of all income: 11%, share of all income taxes paid: 11%. Average income tax rate: 13%. 25% to 10% bracket - share of all income: 21%, share of all income taxes paid: 15%. Average income tax rate: 10%. 50% to 25% bracket - share of all income: 19%, share of all income taxes paid: 9%. Average income tax rate: 7%. Bottom 50% - share of all income: 10%. Share of all income taxes paid: 2%. Taxpayers in the US earning under $42,000 had an average income tax rate of 3%.

Guvante 3y ago
Everyone paying the government instead of a healthcare insurance company does not make the US more progressive. Yet your evidence implies that is the case. Similarly talking about progressive income tax and ignore other forms of taxation is silly. Way more than 3% of the lower 50% income goes to taxes they just aren't federal income tax.
dragonwriter 3y ago
> If that were true the top 10% income bracket wouldn't be paying the extreme majority of all the income taxes in the US (around 73% of all income taxes “Income taxes” are only about 57% of federal taxes on income. And the other 43% are bottom-weighted payroll taxes.