4 ms·
If we're just airing what we think about taxation, I think people with low incomes should pay more than they do currently in taxes, so that everyone feels like
by gottorf 3y ago
If we're just airing what we think about taxation, I think people with low incomes should pay more than they do currently in taxes, so that everyone feels like they have skin in the game. People generally don't take as much care of something that was dropped in their laps as something that they had to work hard for.
Currently, over half of all federal personal income tax collected is paid by under 5% of taxpayers, and the bottom 50% of income earners as a whole pay under 3% of all federal income tax collected.
- defrost 3y ago> and the bottom 50% of income earners as a whole pay under 3% of all federal income tax collected. What percentage of annual cash flow in the USofA do they earn? Is it more than 3%?
- gottorf 3y agoAccording to this source[0], the bottom 50% of income earners who paid 2.32% of all federal personal income taxes collected in 2020 comprised 10.18% of the share of income. So yes, it is more. [0]: https://www.ntu.org/foundation/tax-page/who-pays-income-taxes https://www.ntu.org/foundation/tax-page/who-pays-income-taxe...