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Rich people pay way more taxes than poor people. The top income earners pay for everything in this country and all the other countries.

by valval 2y ago

bdavisx 2y ago
>Rich people pay way more taxes than poor people. Not as a percentage of their income, especially when all "taxes" (anything the government charges for) are taken into account.
- valval 2y ago
  I can guarantee you without any shadow of a doubt that rich people pay a higher percentage of their income in taxes than poor people because of progressive taxation in the US.
  - kelipso 2y ago
    Above a couple of hundred thousand dollars a year or so, the percentage starts going down because the income comes from stocks etc.
    - sokoloff 2y ago
      A lot of poor people pay literally no federal income tax. (Just over 40% of households pay no federal income tax.)
      - kelipso 2y ago
        Sure, you still have people making a million dollars pay less in percentage income tax than people making $200k.
        sokoloff 2y ago
        And people who make $200K and $1M/yr are both paying a higher rate than actual poor people. Unless you're arguing that someone making $200K/yr is in the category of "poor" in which case it would pay to be explicit, because that's not going to be the most natural interpretation for most people.
        kelipso 2y ago
        Lol maybe but when I see rich people I definitely think more than $300k.
  - jbn 2y ago
    see https://www.pewresearch.org/short-reads/2023/04/18/who-pays-and-doesnt-pay-federal-income-taxes-in-the-us/ https://www.pewresearch.org/short-reads/2023/04/18/who-pays-... income tax is progressive but tends to become regressive at the very top when individuals have control over what counts as "realized income". The ultra wealthy in fact don't pay so much tax (and certainly not their "fair" share). What you say is true absent any tax optimization, alas there is such a thing, especially at the top. Also, see works of Zucman and Saez.
    - valval 2y ago
      What I said is self-evident to anyone above the age of 8, but thank you for providing a supporting graphic. Oh and yeah it’s true 100% of the time, everywhere in the US. Let me state it again if you’re confused; rich people pay a higher income tax percentage than poor people.
dekhn 2y ago
obviously percentage, not absolute amount.

Rich people pay way more taxes than poor people. The top income earners pay for everything in this country and all the other countries.

by valval 2y ago

Rich people pay way more taxes than poor people. The top income earners pay for everything in this country and all the other countries.

bdavisx 2y ago

>Rich people pay way more taxes than poor people. Not as a percentage of their income, especially when all "taxes" (anything the government charges for) are taken into account.

valval 2y ago
I can guarantee you without any shadow of a doubt that rich people pay a higher percentage of their income in taxes than poor people because of progressive taxation in the US.
- kelipso 2y ago
  Above a couple of hundred thousand dollars a year or so, the percentage starts going down because the income comes from stocks etc.
  - sokoloff 2y ago
    A lot of poor people pay literally no federal income tax. (Just over 40% of households pay no federal income tax.)
    - kelipso 2y ago
      Sure, you still have people making a million dollars pay less in percentage income tax than people making $200k.
      - sokoloff 2y ago
        And people who make $200K and $1M/yr are both paying a higher rate than actual poor people. Unless you're arguing that someone making $200K/yr is in the category of "poor" in which case it would pay to be explicit, because that's not going to be the most natural interpretation for most people.
        kelipso 2y ago
        Lol maybe but when I see rich people I definitely think more than $300k.
- jbn 2y ago
  see https://www.pewresearch.org/short-reads/2023/04/18/who-pays-and-doesnt-pay-federal-income-taxes-in-the-us/ https://www.pewresearch.org/short-reads/2023/04/18/who-pays-... income tax is progressive but tends to become regressive at the very top when individuals have control over what counts as "realized income". The ultra wealthy in fact don't pay so much tax (and certainly not their "fair" share). What you say is true absent any tax optimization, alas there is such a thing, especially at the top. Also, see works of Zucman and Saez.
  - valval 2y ago
    What I said is self-evident to anyone above the age of 8, but thank you for providing a supporting graphic. Oh and yeah it’s true 100% of the time, everywhere in the US. Let me state it again if you’re confused; rich people pay a higher income tax percentage than poor people.

dekhn 2y ago

obviously percentage, not absolute amount.