"The top 1 percent paid a greater share of individual income taxes (37.3 percent) than the bottom 90 percent combined (30.5 percent)."
Source: https://www.bloombergquint.com/global-economics/top-3-of-u-s-taxpayers-paid-majority-of-income-taxes-in-2016
English
#Offtopic
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I just want a list of their home addresses in case the world collapses, I mean to send them a card congratulating them on their good fortune.....
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21 RepliesWhy do Conservatives always defend the rich? They don't need you lot to White Knight for them. They couldn't give less of a shit about us or our peasant struggles. -blam!- em all.
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I think it should be a flat rate for everyone. That’s just my two cents
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If you truly want to MAGA and bring back the 50's, lets bring back the high taxes.
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3 RepliesEAT THE RICH
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Edited by Uncanny_Vale: 10/15/2018 8:19:32 PM[quote]"The top 1 percent paid a greater share of individual income taxes (37.3 percent) than the bottom 90 percent combined (30.5 percent)."[/quote] Which is as it should be. What I’d really like to see is the stats on how many of the 1% actually pay their taxes. https://www.nytimes.com/interactive/2017/11/10/opinion/gabriel-zucman-paradise-papers-tax-evasion.html [quote]an estimated $8.7 trillion, 11.5 percent of the entire world’s G.D.P., is held offshore by ultrawealthy households in a handful of tax shelters, and most of it isn’t being reported to the relevant tax authorities. [/quote] #trumptaxreturns
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Edited by Catty_Wampus22: 10/16/2018 8:49:53 AMI know right?? Look at these crybabies https://patrioticmillionaires.org/ Oh wait....
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3 RepliesEdited by Partisan: 10/15/2018 11:57:04 PMExcellent, a political topic that is actually interesting. So "fair share" is clearly a bad argument in that it doesn't make a lot of sense on its own, but also a good argument in that it's an excellent political message and a way to frame a conversation around government services. Politicians don't say "the rich should pay their fair share" and leave it at that, they say it as part of an argument for funding the government programs they think should be implemented. And that does get us to a more reasonable place, where the core of the argument is that "I want to do the thing, I need a way to pay for it, and progressive taxation is a viable and politically palatable way to do it". DemocRATS do talk about the tax code in isolation as well, but it's usually reactionary to changes that Republicans make, since a) that's their method for effecting change and b) it is broadly unpopular and explicitly designed to give a lot of money to people who already have a huge amount of it. So you see criticisms about how the recent tax cuts are overwhelmingly skewed towards the rich, etc. Politicians will criticize "loopholes" (deductions that favor the rich) like carried interest, changes to the estate tax and AMT, general changes to base rates, corporate tax cuts (especially pass-through!), etc. Of course, we are now also finding alternative funding sources that don't require anyone to pay their fair share, such as $1.5T of free money that Republicans found hidden in the budget (they are the fiscally responsible party after all), which would require no tax increases for a variety of big-spending programs.
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2 RepliesAnd republicans say there’s no wage gap. This is proof.
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Income does not equal wealth. Nice try though.
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I'd be more interested in seeing what percentage of their income goes to taxes versus the rest of the brackets. They make a ton, so them paying that percentage of taxes makes sense, but if they're only paying taxes on 25% of their income while lower brackets have 35% that wouldn't be right. My understanding was that they payed a higher percentage as well, but I can't remember for sure.
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Must be white privilege or something
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Hmm I wonder if it has to do with how much money the rich make in comparison to the poor...
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Because they have 95% of the resources.