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Biden and the Democrats have NO clue who already pays what in federal income tax... Just posted this in another thread...
Want to see what's really going on regarding who pays taxes? Read this CRS chart (Figure 2 for those who don't know what they're supposed to be looking at):
Take a look at each income group's effective federal income tax rate (the light blue bars). Some groups have effective federal income tax rates as low as -15% and -14%. Yes, that's negative. Meanwhile, those whose income is $1 million or more are paying an effective federal income tax rate of over 25%. That's a swing of more than 40 percentage-points. How on earth is that "favorable" to the wealthy by any stretch of the imagination? It's not. Period.
Honestly... it's easy to see why SO many Democrat voters are poor. Democrats tend to simply have NO financial or economic sense whatsoever.
The US little to no foreign competition when it came to manufacturing during the 1940s-1960s. Different circumstances including a buy and hold stock market and fewer government funded services and programs that would have to be funded.
Biden and the Democrats have NO clue who already pays what in federal income tax... Just posted this in another thread...
Want to see what's really going on regarding who pays taxes? Read this CRS chart (Figure 2 for those who don't know what they're supposed to be looking at):
Take a look at each income group's effective federal income tax rate (the light blue bars). Some groups have effective federal income tax rates as low as -15% and -14%. Yes, that's negative. Meanwhile, those whose income is $1 million or more are paying an effective federal income tax rate of over 25%. That's a swing of more than 40 percentage-points. How on earth is that "favorable" to the wealthy by any stretch of the imagination? It's not. Period.
Honestly... it's easy to see why SO many Democrat voters are poor. Democrats tend to simply have NO financial or economic sense whatsoever.
Forbes would disagree. Both Democrats and republicans have gained wealth thru corporate or family owned business's.
I personally have worked for business's owned and operated by both affliations. My pay hasn't been favored by either CEO. So there is that.
I find a person with a conservative ideologies not my cup of tea.
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