WTI CRUDE

[Poor Richard Saunders]

What percentage of all income taxes paid into the government comes from the top 10% earners?
Hint, it is over 70%

What percent of Federal revenues comes from income tax?
Hint, it isn't even 51%

 

[Poor Richard Saunders]

Don't have any ability to reason, huh?

Looking to find people just like you?

 

[Lionfish]

What percent of Federal revenues comes from income tax?
Hint, it isn't even 51%

I agree, I was referring to personal income taxes. Now, I do wish it were possible to pull out the amount of all the ancillary taxes paid by the top 10% of earners. Do you still think that is an insignificant number?

 

[Poor Richard Saunders]

I agree, I was referring to personal income taxes. Now, I do wish it were possible to pull out the amount of all the ancillary taxes paid by the top 10% of earners. Do you still think that is an insignificant number?

It is actually a much smaller percent of earnings than those at the bottom level.
FICA taxes make up the next largest portion of government revenues.

A person earning $50,000 pays 7.65% of their income in FICA taxes, 15.3 if you include the employer match
A person earning $500,000 pays 4.08% of their income in FICA taxes, 7.6% if you include the employer match.
A person earning $5,000,000 pays 2.5% of their income in FICA taxes, 4.18% if you include the employer match.

 

[Lionfish]

It is actually a much smaller percent of earnings than those at the bottom level.
FICA taxes make up the next largest portion of government revenues.

A person earning $50,000 pays 7.65% of their income in FICA taxes, 15.3 if you include the employer match
A person earning $500,000 pays 4.08% of their income in FICA taxes, 7.6% if you include the employer match.
A person earning $5,000,000 pays 2.5% of their income in FICA taxes, 4.18% if you include the employer match.

So you believe that of total taxes collected, Federal, State, city, county, property, sales, vehicle tabs, etc, the largest amount comes from whom?

 

[Poor Richard Saunders]

So you believe that of total taxes collected, Federal, State, city, county, property, sales, vehicle tabs, etc, the largest amount comes from whom?

So you believe that of the total income after taxes are paid, the most money goes to whom?

 

[Lionfish]

So you believe that of the total income after taxes are paid, the most money goes to whom?

Answer my question.

 

[QP!]

Thanks.

Hey MAGATs, why doesn't this bother you? Why are YOU paying taxes but not these mega-zillionaires?

Most magats see their mirror image peer, Mike The Pillow Guy' got rich despite being stupid by fleecing other magats and they, think they will be able to do that too and join the Uber rich.

Trump established the bar for this they all hope to follow.