Which I wish goverments would find a way to tax so billionaires (which uses that scheme for their living) could actually pay God damned taxes!
And who would make the huge campaign donations to buy the best govt money can afford? You sound like you believe govt officials spend all that donated money and their time, to get allected so they can do what's best for everybody ..... can I interest you in some bridges I have for sale, a great investment opportunity, comes with a gold embossed certificate of ownership you can proudly hang on the wall T1 Terry
Opinion: Think the rich don’t pay their ‘fair share’? Think again | CNN "According to the IRS, in 2020, the top 1% of taxpayers (about 1.5 million taxpayers), paid $722 billion in income taxes. That amount accounted for 42.3% of all income taxes paid, the highest percentage in modern history. 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." In contrast how much taxes does a person on welfare, food stamps and in public housing pay? How much do they "take" from other taxpayers without contributing anything? The "rich" are not the problem - they not only pay the largest percentage of taxes but also build the bulk of job creation, manufacturing and drive the train of economic opportunity in our country.
It's got to be tough on liberals when liberal media Outlets Point out data contrary to preconceived notions.
ellen munks buys one billion dollars of tesla stock musk-billion-dollar-tesla-share-purchase a drop in the bucket
You don't mention the amount of taxes the rich pay in relation to their yearly increase in wealth. The accumulation of wealth by the bottom 90% is significantly lower than that of the top 1%. And darn few of that 142 million employ accountants and tax lawyers to devise strategies to shift income/profits/etc from taxable to tax-sheltered. Where the bottom 90% are paying sales tax, state and federal tax and maybe property taxes that all have to get paid out of income.
Wondering. If people that are 'glad' to see Karma come - typically thought of as something tragic, ever suspect that this same gladness for others Karma will end up being karma for them self? Proverbs 24:17-18 just a thought .
Who Pays the Most Taxes in America? Breakdown by Income Level (2025) - North American Community Hub "In reality, tax liability is split along steep income lines. The top 1% of earners paid an eye-popping $561,523 on average, while the bottom 50% paid just $822." How much taxes does a person on welfare, food stamps and in public housing pay? How much do they "take" from other taxpayers without contributing anything? The "rich" are not the problem - they not only pay the largest percentage of taxes but also build the bulk of job creation, manufacturing and drive the train of economic opportunity in our country.
We all don't hold with the notion that the gospel is the literal word of god. Sorry, bad idea to shift from politics to religion.
That's okay Here's a secular View of karma - to point out the same point - maybe humor is more to yer liking
It's an opinion piece from the Tax Foundation. An organization accused of having a conservation slant and publishing misleading figures. https://www.taxnotes.com/tax-history-project/tax-history-tax-foundation-and-its-disappointing-lesson-u.s-tax-history/2024/07/19/7kh7x https://www.cbpp.org/research/tax-foundation-figures-do-not-represent-typical-households-tax-burdens-7 Tax Foundation Sounds the Alarm — Over the Plight of Totally Mythical Taxpayers - Inequality.org The reality is that CNN is only slightly left leaning and mostly factual. https://www.allsides.com/news-source/cnn-media-bias CNN Website Bias and Reliability | Ad Fontes Media CNN - Bias and Credibility - Media Bias/Fact Check Those with higher incomes should be paying a higher rate. It is the foundation of a progressive tax system. The wealthier reap a higher benefit from the stability and services government provides. A company owner sees a larger return from the government investment into roads that their trucks shipping goods use, than the employee using the roads to commute. who in turn, sees a bigger benefit to having roads than the guy making minimum wage biking to their job. Note that the rate has dropped further for the top 10%, 5%, and 1% from 1980 than it did for the vast majority in this country. (CBO pdf) https://www.cbo.gov/sites/default/files/cbofiles/attachments/effective_rates_0.pdf The op-ed obliquely referenced this shift in wealth. "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. The opposite is true for the bottom 90%. They earned more than half, 50.5%, of the nation’s income but paid 26.3% of the taxes — roughly half of their share of the nation’s income. This hasn’t always been the case. In 1980, the tax burden was much more evenly shared. The bottom 90% earned 68% of the nation’s income and paid 52% of the income taxes. The top 1% earned 9.6% of the nation’s income and paid 17% of the income taxes." It ends with this, "Despite the well-worn political rhetoric about “fair share,” the burden on top earners continues to climb." It is lines like this that lead to accusations of conservative bias. It's the higher earners are paying too much argument being put forward. Well, the burden on the 1% has not climbed in those 40 years. Their ratio of national income to taxes paid has not changed much. The little more in 2020 is because the bottom 90% is making less to be taxed. The change in effective tax rates has actually shifted more of the tax burden onto that lower 90%. In 1980, the average effective tax rate for all was 22.2% and 14.5% in 2020. For the 1%, it went from 34.6% to 22.4%; which is the largest rate decrease in that time.
Who pays the most income tax? | USAFacts "Most of the government’s federal income tax revenue comes from the nation’s top income earners. In 2022, the top 5% of earners — people with incomes $261,591 and above — collectively paid over $1.3 trillion in income taxes, or about 61% of the national total. If you include the top 10% — everyone who made at least $178,611 — that figure rises to $1.5 trillion, or 72% of the total. The top 50% of earners contributed 97% of federal income tax revenue." Americans think they pay too much in taxes. Here's who pays the most and least to the IRS. - CBS News How much taxes does a person on welfare, food stamps and in public housing pay? How much do they "take" from other taxpayers without contributing anything? The "rich" are not the problem - they not only pay the largest percentage of taxes but also build the bulk of job creation, manufacturing and drive the train of economic opportunity in our country.
Well, even if scripture isn't breathed by god, it's still widely-known literature. I wouldn't be surprised if some similar sentiment could be found in, I dunno, Shakespeare, or J. K. Rowling or George Lucas. If other literature is fair game to quote on PriusChat, I guess maybe Proverbs can be, too.
