Better source showing the rich don't pay their fair share:
https://mediabiasfactcheck.com/new-york-post/
https://mediabiasfactcheck.com/propublica/
The solution is to gut the existing tax system, and replace it with a land and carbon tax.
this post was submitted on 01 Mar 2024
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Better source
I think you forgot to include it in your heap of garbage
Are you able to offer anything other than dismissive labels?
Sure. But why would I bother when I know you're just going to keep spamming your usual slop regardless?
Why do you two just go in circles all the time? Why not just Ignore each other?
Because just letting disinformation go unchecked is overall bad for the community
You're not checking anything. You're just saying "that's [label]"
Possible labels:
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slop
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garbage
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drivel
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etc
To actually counter disinformation you have to actually explain why it is disinformation. Or else all you're doing is a one man circlejerk.
Gee, it's almost as if a massive increase in wealth resulted in a slight increase in taxes paid.
Hey! That's a good point! Especially post pandemic, they've made huge gains in wealth.
Also, they should probably be shouldering more because 125,000 Americans who earn more than $400K don't file tax returns.
The two are unrelated. Income and wealth are different things.
Apologetics of the exploiters.
Damned interesting! OTOH, the wealth gap has exploded since 1980, so it seems natural that the 1%, being so very much richer, and the rest of us being so very much poorer (in relation!), would bear a higher percentage of the total tax burden.
Can someone explain more? I'm no finance guy, but I'd guess there's more than a 1-1 relationship here.
Easy enough to understand with simple ratios. If the top 1% holds 50% of the nation's wealth, we would expect they should pay somewhere around 50% of the nation's taxes. If their wealth increases to 60% you would expect the amount of taxes they pay to go up by a relatively equal amount.
Conversely the lower 99% would pay an inverse proportion of taxes. If the wealthy are becoming propositionally more wealthy, the less wealthy should be paying less of the nation's taxes.
Now, that doesn't necessarily mean that someone in the 99% will actually pay less taxes, as their wealth is not increasing at the rate of the 1%. It just means that the wealthy should be paying more as their proportion of the nation's wealth keeps growing.
Your 1% has 50% of the wealth stat has been telephoned to what you're parroting now. The original stat is the 1% has more wealth than the bottom 50% combined. This stat stopped being used because it got exposed for being misleading. The bottom 20% has negative wealth and it's not until the 35% - 40% that there is positive combined wealth. A single person in the 21st percentile has more wealth than the bottom 40% combined. What that stat is really saying is the 1% have more wealth than the combined wealth of people between 40% - 50%.
I was making up numbers as an example, but seems the more accurate estimate is the top 10% hold 66% of the nation's wealth.
Except we don’t tax wealth. We tax income. Taxing wealthy is unconstitutional.
The high income earners pay more than their percentage of earnings. As such they pay their fair share.
https://taxfoundation.org/research/all/federal/rich-pay-their-fair-share-of-taxes/
As you will see, high income earner pay much more.