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…
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.
How about staying on topic? Why should I pay significantly more in taxes but receive less from those taxes? The bottom 50% should pick up the slack and pay their way.
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It’s been cited ad nauseam. Only an idiot would think the rich are not paying taxes.
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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
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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.
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How about staying on topic? Why should I pay significantly more in taxes but receive less from those taxes? The bottom 50% should pick up the slack and pay their way.
I pay my fair share.
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