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You don't really want that. There are people earning 6 and even 7 figures that live paycheck to paycheck. They can afford to pay nothing, so is that what they should pay?
Average $54,000 (average income for top 25-50%) earner pays $3,894 in federal income tax.
Average $1,695,136 (and that's the minimum for the top 0.1%) earner pays $367,336 in federal income tax, or a MINIMUM of about 100 times more than the middle class pays, while only earning about 30 times more.
That is why many perceive the "tax the rich" crowd to be egregiously greedy takers.
I'm not talking about just the federal income tax rate.
This article does a good job of explaining why and how the rich beat the system:
Maybe when I was 12 years old I viewed it that way.
The world is a little more complicated than that. The fact that you think that these infantile little quotes you make are worthy of a chin scratch makes them even more absurd.
Who does not view being forced to work for free under threat of imprisonment for a much greater portion of each year than others have to, as slavery?
That argument makes no sense since it is just a statistical value.
It is a MEANINGFUL statistic value. Why is 43% taken from some while only 13% is taken from others?
Quote:
The wealthy person does earn every month of the year as well, and a lot more than most other people in absolute terms, even if after taxes it is less in terms of percentage of gross income.
And where was equal incomes to everyone regardless of job or skill level ever guaranteed? Anyone who wants a higher income? Earn it. Stop stealing from those who have done so.
If you're tired of paying your share and their share... It's time to start reporting people who get paid under the table to avoid paying taxes or getting kicked off welfare then have the nerve to scream pay your fair share when they won't cheat to pay their share.
It's time to start reporting people who get paid under the table to avoid paying taxes or getting kicked off welfare.
Let's look at the reality of ALL taxes, then, local, state, and federal (including payroll taxes), combined. Total effective tax rates, by income group:
(Data Sources, two liberal think tanks: Tax Policy Center and Institute on Taxation and Economic Policy)
The bottom quintile's total local, state, and federal tax rate is 13%. The middle quintile: 25%. The top 1 percent: 43%
Anyone who thinks the top 1% gets out of paying taxes is STUNNINGLY ignorant. STUNNINGLY so.
The majority of income for most 1%ers is from capital gains which is taxed at only 15%. Where does that fall on your graph?
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