3 ms·
Wealthy people don't like to pay taxes which funds the public education
by thrxio 3y ago
Wealthy people don't like to pay taxes which funds the public education
- slothtrop 3y agoNot exactly a choice.
- mcntsh 3y agoAccording to the 2020 IRS tax report, the top 1% of American earners pay 42% of all income taxes, the top 10% of earners pay 74%. https://www.irs.gov/pub/irs-pdf/p1304.pdf https://www.irs.gov/pub/irs-pdf/p1304.pdf In California, property tax revenue has been increasing steadily YoY... a $3.2Bn increase in 2020 alone. https://www.boe.ca.gov/legdiv/2021-2022/pub306.pdf https://www.boe.ca.gov/legdiv/2021-2022/pub306.pdf
- ericfrazier 3y agoBecause the middle class is shrinking. The wealthy also use their money to lobby against new taxes that would fund public education.
- hobs 3y agoHey look, numbers that don't mean what the person said. What percentage of their wealth do they pay? What are their effective tax rates compared to the working class? Why are capital gains taxes so much less than most income taxes? Why does our "progressive" tax rate stop growing in the 150k range or so? Which one of those groups can afford lawyers to structure their incomes to pay even less? The rich are not paying their fair share and generally have been paying less and taking more for decades, I don't know what you are on about.
- soco 3y agoFor a different view under the line, check this calculator to see how much less the wealthy are taxed nowadays compared to pretty much any time last century except the wild 30s. All that money is not going into education, roads, healthcare, you name it anymore, an entire system of public funding collapses. https://qz.com/74271/income-tax-rates-since-1913 https://qz.com/74271/income-tax-rates-since-1913
- freitzkriesler2 3y agoThen why do wealthy people congregate in specific suburbs that have highly rated public schools?