Tax…the…rich…

They don’t by percentage. In fact as a percent value of their income they pay significantly less then the average tax payer.

So if you pay 12% of your income, shouldn’t they pay just 12% of theirs?

that would be more fair then the current issue of them averaging around 2-3%. But no if you make more money you should pay more of your income in taxes as a percentage. Especially given the current gap of wealth.

Yeah, another lib lie that has been disproven time and time again.

They should pay the same percentage as every one else. Otherwise it’s just a “from those that can to those that won't” situation

It’s not a lie there was at one point a tax bracket for the ultra wealthy that was 90%.

During the height of economic prosperity for America…well if you were white anyway.

https://en.wikipedia.org/wiki/Fr%C3%A9d%C3%A9ric_Bastiat

“According to a 2021 White House study, the wealthiest 400 billionaire families in the U.S. paid an average federal individual tax rate of just 8.2 percent. For comparison, the average American taxpayer in the same year paid 13 percent.”
https://www.oxfamamerica.org/explore/stories/do-the-rich-pay-their-fair-share/

Except it’s not just that it “feels that way.”
They don’t.

Don’t ever expect a lib to pay an equal percentage when they can try an fleece other's that they are jealous of

What if it only FEELS that way ?

“According to a 2021 White House study, the wealthiest 400 billionaire families in the U.S. paid an average federal individual tax rate of just 8.2 percent. For comparison, the average American taxpayer in the same year paid 13 percent.”
https://www.oxfamamerica.org/explore/stories/do-the-rich-pay-their-fair-share/

Except it’s not just that it “feels that way.”
They don’t.

BRILLIANT !

For use of your example... simply say one of your 400 billionaires, let's name JANE,
earns 1 billion dollars,
and pays your 8.2% income tax...
$8.2 Million taxes annually paid by Jane.

...and say her business manager, she hires 10 people at an average annual pay akin to a Fire Chief/School Principal or administrator wage,
roughly $100,000 each annually, at your 13% tax rate lamented, and so they each pay $13,000.
Multiply that by 10 and those Average American people pay $130,000 in income tax.

Jane pays her employees wages, and her employees pay their taxes.
Jane fairly pays $8.070,000 more in taxes than all ten of these employees combined.

She also produces Goods & Services which allow her to gainfully and happily employ
10 average American Taxpayers (and then some) whom are able to pay their taxes because Jane gainfully employs them. Is Janes contribution to society limited to her $8.2 Million in taxes annually, or is she actually responsible for $8.2M plus creating an additional $130, 000 for Government coffers by directly providing employment for 10 people too?

Where you're wrong, comrade, and also where Bernie is wrong,
is claiming Jane doesn't pay her fair share.
She creates wealth for herself, her employees, and The State. She pays several times over, and is a wealth producer, whereas the government is a wealth consumer.

What's interesting is that income taxes in the USA have only been collected, since 1913, and that the U.S. Supreme Court found such collecting initially unconstitutional.

Imagine Reconstruction era, where zero income taxes were paid by owners of Western Union, RailRoads, and Steel Mills during the 3rd Industrial Revolution.borers paid none either... nor farmers, nor shopkeepers.

Effectively everyone fairly paid an equal amount of income tax.
Add that all up and each equally paid ZERO

Ugh not this pretentious fake format again.

That’s like saying buying only 50 flat penetration is enough to take on a team of full tanks with over 325 protections.
Vs someone with 33% penetration from one item. (That’s ignoring 107.25 protections.)

Because that’s how scaling works. The rich are paying more flatly but they’re not as a percentage compared to the rest of us. Especially given they have more to give during an era of wealth inequality not seen since THE GUILDED AGE.

And abolishing the income tax at this point in history would only benefit the wealthy.

You admit their salary is taxed higher, which has been my statement all along, which means they are paying more than their share. The fact that you are jealous of their deductions shows you do not understand the tax code of this country

They don’t make most of their income from salary they make it through capital gains.

Which is infamous for loopholes for the wealthy that even Reagan was against.

The lie continues

Yall couldn’t handle losing 2020 and reject the reality that Trump lost.

Give me a break.

Staying on topic is a way to convince people that you are right. Sorry it didn’t work out

My brother in Christ yall are the ones who keep fish galloping and restoring to straw man arguments.

Get out of here with that dollar general tier take.

Your numbers you provided, KIDDO.
If you wish to call that fake,
well, you're the originator,
...so who's to question your sources?...

I'm out

Thank you for proving my point that people who protect the rich from paying their fair share as opposed to a flat amount don’t understand how percent scaling works.

“According to a 2021 White House study, the wealthiest 400 billionaire families in the U.S. paid an average federal individual tax rate of just 8.2 percent. For comparison, the average American taxpayer in the same year paid 13 percent.”
https://www.oxfamamerica.org/explore/stories/do-the-rich-pay-their-fair-share/

Except it’s not just that it “feels that way.”
They don’t.

The top 10%, with incomes of at least $169,800, pay about three-quarters of the nation's tax bill, the analysis found. Although most Americans believe the middle class bears the heaviest tax burden, it's actually the top 1% who pay the highest federal tax rate, at 25.9%, the Tax Foundation analysis found.

The 25.9 is a tax bracket for certain amounts of their income assuming it was gained through straight income from a job and not capital gains.

They overall only pay 8.2 percent of their income. As a percentage they are not paying they’re fair share they are paying a significantly less portion of their income regardless of the dollar amount is more.

Some of you have never played a moba, dont understand how percent scaling works or diminishing returns, and it shows.

Not a stroke, just hard to see the lengths some libs go to justify their delusions

Reality and understanding life isn’t in their DNA

“They don’t make most of their income from salary they make it through capital gains.”

SMDHAABW,

Wow fact blew his mind so hard he had a stroke…

So you agree they pay a higher percentage…sounds like you are the one not paying your fair share

They don’t make most of their income from their jobs they make most of it through capital gains which is infamous for tax loopholes.

Imagine being so far to the right you are right of Reagan who believed it was ridiculous that a secretary paid a higher rate of taxes then her hedge fund manager boss.

Because even economics 101 will tell you they will pay those taxes personally, and not pass them on to the middle class by raising the costs of goods and services.
More taxes are always good !

That argument is used for taxing businesses more not the income of an individual.

If your gonna go to prager u talking points use them correctly.

Yeah I took Econ 101 and that’s not stated anywhere in any book.
There’s no chapter on “why taxing the rich will just pass on costs to consumers.”

Or wait did you take Econ 101 from prager u.
Actually when did you take Econ 101?

So, the money has already been taxed.