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The numbers from your link are: The top 1% pays 24% of Federal taxes, and the bottom 50% pays somewhere between 7% (bottom 40%) and 16% (bottom 60%).
by loeg 1y ago
The numbers from your link are:
The top 1% pays 24% of Federal taxes, and the bottom 50% pays somewhere between 7% (bottom 40%) and 16% (bottom 60%).
- dmoy 1y agoYes, that sounds about correct. It's a lot more than "bottom 50% pay no tax". Also I'm unclear if that source includes only the "employee half" of the 15% FICA.
- NuclearPM 1y agoThat’s a crystal clear sign that the top 1% have way too much money.
- estearum 1y agoYeah this argument is so silly: "the top 1% pay 60% of income tax" oh okay, so as they get closer and closer to escape velocity from the rest of us, that number will climb to 1% paying 70%, then 80%, then 90%, so your argument to tax them gets weaker while the functional need to tax them gets stronger. Brilliant!
- NuclearPM 1y agoThank you for understanding what I was trying to say. :)