3 ms·
>The bottom 50% pay nothing at all (they do pay about 12% to state/local/sales taxes). Bullshit. Not just bullshit, but pernicious bullshit. Payroll taxes ac
by kaonashi 13y ago
>The bottom 50% pay nothing at all (they do pay about 12% to state/local/sales taxes).
Bullshit. Not just bullshit, but pernicious bullshit.
Payroll taxes account for the same amount of receipts as income taxes. Payroll taxes are extremely regressive. That's some mighty creative accounting where you ignore half of all tax receipts when talking about tax revenue.
http://www.taxpolicycenter.org/briefing-book/background/numbers/revenue.cfm http://www.taxpolicycenter.org/briefing-book/background/numb...
The other side of this coin is that tax dollars at the federal level are a returned IOU, they do nothing to fund the government.