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High earners don't just pay most taxes. They pay almost all the taxes & 66% goes to social programs they don't benefit from

High earners don't just pay most taxes. They pay almost all the taxes & 66% goes to social programs they don't benefit from | If rich people, like Elon Musk, paid more taxes & didn't receive government subsidies, we could help poor people more; The top 50% of income earners, like Elon Musk, pay 97.7%  of all federal income taxes; common core tax math for liberals refuted | image tagged in elon musk,taxes,democrats,republicans,politics,tax the rich | made w/ Imgflip meme maker
176 views • 13 upvotes • Made by CentralNYGuy 2 weeks ago in politics
3 Comments
6 ups, 2w
40% of all Americans pay no Federal Income Tax at all.
You know, the ones that are bitching about a bigger handout all the time.
0 ups, 1w,
1 reply
Here's the math: If Elon Musk paid 97% of his net worth in taxes, HE WOULD STILL BE A MULTIBILLIONAIRE.
0 ups, 1w
You are completely misrepresenting the meme to invent a ridiculous straw man.

Nobody claimed Elon Musk or any individual pays 97% of their personal income or net worth in taxes. The macro IRS statistic is straightforward: out of all the federal income tax revenue collected by the U.S. government, 97% comes from the top 50% of income earners.

Whether you're genuinely confused by basic tax stats or just deliberately twisting the math, claiming "he'd still have money left over if he paid 97%" isn't tax policy - it's an argument for arbitrary capital confiscation. In a real economy, taxes are calculated on earned income under the law, not on a goal post of "we'll keep taking your money until we decide you've had enough.
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If rich people, like Elon Musk, paid more taxes & didn't receive government subsidies, we could help poor people more; The top 50% of income earners, like Elon Musk, pay 97.7% of all federal income taxes; common core tax math for liberals refuted