California restaurants are reportedly laying off staff and reducing hours for other team members in an effort to cut costs ahead of a California state law taking effect on April 1 that will raise f…
Why should the poor pay half their paychecks to taxes while the rich pay less than 40%, if they actually pay any taxes at all rather than utilize tax loopholes to avoid paying.
Surely, the rich pay a larger amount because they earn the most money, right? Not exactly. In 2020, the top 1% of taxpayers earned 22% of all adjusted gross income; their 42.3% share of the income taxes is nearly twice their share of the nation’s income.
By contrast, the bottom 90% of taxpayers (about 142 million taxpayers) paid a combined $450 billion in income taxes, or just 26.3% of the total, their lowest percentage of the tax burden in decades. That means the top 1% of taxpayers pay a far greater share of the nation’s tax burden than 142 million of their neighbors combined.
I agree, the rich should pay their fair share of taxes!
They do. They pay more than their fair share of the taxes. It’s not time for everyone else to chip in and pay their fair share.
In Europe, those McDonald’s worker would be paying about half their income in taxes. They should do the same here.
Why should the poor pay half their paychecks to taxes while the rich pay less than 40%, if they actually pay any taxes at all rather than utilize tax loopholes to avoid paying.
Where do you get that non-sense? The article i cited refutes that.
Removed by mod
It’s been cited ad nauseam. Only an idiot would think the rich are not paying taxes.
Removed by mod
For someone ignorant of the topic, you seem to have a strong opinion.
https://www.cnn.com/2023/04/21/opinions/income-tax-wealthy-hodge/index.html
Removed by mod
They pay double their income, which is over their fair share. At the same time, the bottom 50% pay less than their fair share.
It doesn’t matter that they make more; they pay more in taxes and receive less for their taxes.
You must have a strange version of fair share if you think paying double isn’t fair.
Removed by mod