Biden for Prez

Originally Posted by 95sn

The top 50% should pay most, they have all the $$. Do you understand numbers? or why one who makes $19K a year pays less than one who brings in $500,000K
The top 26 rich people own more than the bottom 50% of the public. Thus pay your share. LMK when they raid your house an audit you.

Top 1% pay 40% of all taxes
Top 10% pay 71% of all taxes.

Pretty sure they are paying their share, however that means the IRS has gone after 50% of the people who pay 29% or less of all the taxes. Care to guess where their highest rate of receipt is from for audits? See previous discussion point about who can afford lawyers and accountants and who can not. They are more likely getting their money from the bottom people.

Originally Posted by DeltaHoosier

Top 1% pay 40% of all taxes
Top 10% pay 71% of all taxes.

Pretty sure they are paying their share, however that means the IRS has gone after 50% of the people who pay 29% or less of all the taxes. Care to guess where their highest rate of receipt is from for audits? See previous discussion point about who can afford lawyers and accountants and who can not. They are more likely getting their money from the bottom people.

The top 1% own over 50% of the wealth in the country, they are not paying their share.
The top 10% own 88% of all stocks. The top 10% own 70% of all the US wealth.
So, no they are not paying their fair share. Toss in the fact they dont sell assets yearly so they accumulate w/o paying tax on their wealth. All I can see from my seat is the IRS needs an infusion of $$ to allocate more to collection and stop tax cheats. Do you think the IRS who you cant get on the phone for anything needs more $$ to function? Clearly the R's are trying to scare you and you fell for it, again. Just like the caravans and the Covid rules they would never give up their power, or Obamacare, or Socialist Dems, or BLM, or Groomers, or Critical Race Theory... ...and the dozens of BS scares fresh off FOX BREAKING NEWS.