Re:Top 20% pay 95% of taxes
by pwinnski on Friday October 27, 2017 @10:54AM
(#15568964)
I'm not the GP, but the point I would make is that the top 20% pay an appropriate amount of tax commensurate with their (our) income. They (we) pay about two-thirds of all taxes, and make about two-thirds of all income. So headlines claiming that they (we) pay disproportionately-high taxes are trying to make a point, and lying to do so.
As another commenter said, if income taxes are your biggest bite, that says more about you than you realize. Depending on what you earn, FICA often ends up being the biggest bite at 15.3% of every dollar your earn. For some people, sales tax could be the biggest bite, or at least a bigger bite than income tax.
As another commenter said, if income taxes are your biggest bite, that says more about you than you realize. Depending on what you earn, FICA often ends up being the biggest bite at 15.3% of every dollar your earn. For some people, sales tax could be the biggest bite, or at least a bigger bite than income tax.