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You get a tax break! You get a tax break! You all get a tax break! (lemmus.org)

submitted 10 months ago by [email protected] to c/[email protected]

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[–] [email protected] -2 points 10 months ago (3 children)

Let's see. The bottom 50% of wage earners pay about 3% of the total US income taxes. The top 1% pay close to 40% of that burden. As a percentage of income, the top earners pay 25% while the bottom 50% pay around 3.5%. If the bottom 50% didn't pay in at all, the budget could likely absorb the hit.

What would be fair? 50%? 80%? 90%? 110%? Summary execution and confiscation of assets as seems to be popular in some circles here?

[–] [email protected] 4 points 10 months ago (2 children)

The most shocking thing to me here is the tax rates. Everywhere I've lived, the lowest bracket of income tax rate is 20-30% rising to 50% for high earners. The fact that the highest earners in the US (literally multi-millionaires and billionaires) are only paying 25% is outrageous to me. The average income tax paid for the 1% bracket is $400k, meaning they are still going home with at least $1.2mil a year. Why are the bottom 50% even paying anything? It's obscene.

[–] [email protected] -1 points 10 months ago (1 children)

Do the bottom 50% get no benefit from those taxes?

Interesting how the "tax those with more" crowd always seems to exempt their own income from these rules.

[–] [email protected] 5 points 10 months ago

That's not the point of taxes. At least not in a civilised society. People who can't afford to contribute should be getting most value out of it.

You think the more taxes you pay the more value you should get out of them? Real "I pay cops wages so they work for me" and "I got mine, pull the ladder up" vibes.

And FYI I would not be in the bottom 50% here, so it's not some "freeloader trying to get myself a tax cut" opinion. I already pay a considerably higher percentage of income tax than your billionaires! I'm happy to pay taxes because they are for the good of the society I live in and because I have empathy for those in need, but that's evidently not the prevailing sentiment over there.