Re:McDonald's is considering rent deferrals for franchisees
by cmcd on Tuesday March 17, 2020 @11:41AM
(#22605937)
> The middle class already pays most of the taxes
I'm not so sure about that. The top 1% pays 37% of federal income taxes. Meanwhile, the bottom 50% paid only 3% and 44% of paid nothing at all. Depending on the source you use the middle class in America is typically considered to top out at incomes between 100k and 122k. In either case the middle class pays less than half of income taxes. Then looking at the bigger picture we see income taxes only account for 60% of all taxes.
Sources: https://taxfoundation.org/summary-latest-federal-income-tax-... https://www.irs.gov/statistics/soi-tax-stats-irs-data-book
Re:McDonald's is considering rent deferrals for franchisees
by metalchianti on Tuesday March 17, 2020 @02:02PM
(#22607983)
This can be misleading because it doesn't account for wealth concentration. When you realize HOW MUCH of the wealth the 1% control, 37% seems small.
Re:McDonald's is considering rent deferrals for franchisees
by exclusiv on Tuesday March 17, 2020 @11:15PM
(#22613267)
That doesn't make the statement misleading. We tax income. The middle class doesn't pay the majority of taxes.
You may think there should be a wealth tax but the statement isn't misleading. The prior statement was inaccurate.
Re:McDonald's is considering rent deferrals for franchisees
by mywittyname on Tuesday March 17, 2020 @10:55AM
(#22605398)
The lower 70% includes pretty much the entire middle class.
Re:McDonald's is considering rent deferrals for franchisees
by brosinante on Tuesday March 17, 2020 @11:24AM
(#22605738)
Those poor middle classes, haven't they been through enough? They can't even lift themselves up through their bootstraps like those deplorable "low income earners".
Re:McDonald's is considering rent deferrals for franchisees
by LunaSea on Tuesday March 17, 2020 @11:31AM
(#22605800)
One social program for me, but not for thee.
Re:McDonald's is considering rent deferrals for franchisees
by christiansakai on Tuesday March 17, 2020 @02:13PM
(#22608128)
Why the name calling? Nowhere we mentioned low income earners as deplorable. Fix the speck in your eye first.
I personally don't like it, and I think a lot of middle class won't like it. If you want to do something like this then do it like Andrew Yang, no questions asked to all.
I'm not a lower income earner, but I don't have big ticket items as well (not even a car or house).