4 ms·
> The big flaw in his argument is that a mere 1% which is actually 20% of annual return is still less than the average income tax rate on workers This is untru
by jdasdf 4mo ago
> The big flaw in his argument is that a mere 1% which is actually 20% of annual return is still less than the average income tax rate on workers
This is untrue btw
50% of people in the US pay effectively no net taxes
- everfrustrated 4mo agoOr put another way, are subsidized by others.
- triceratops 4mo agoOr put another way, they already make so little money it isn't worth taking any from them.
- blitzar 4mo ago> 50% of people in the US pay effectively no net taxes Billionaires included, defence contracts and corporate subsidies count just as much as food stamps.
- SoftTalker 4mo agoNo net income taxes. They still pay payroll taxes, state taxes, sales taxes, and various other state or local taxes and fees.
- Terr_ 4mo agoRight, the overall tax burden is closer to flat. https://itep.org/fairness-matters-chart-book-on-who-pays-state-and-local-taxes-2024/ https://itep.org/fairness-matters-chart-book-on-who-pays-sta...