Re:The wealthiest 10% of Americans own a record 89% of all U...
by flyingfences on Monday October 18, 2021 @11:37AM
(#28906579)
Even during a "good" year, though, the number is still around half. (Recall Romney's "47%".)
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Re:The wealthiest 10% of Americans own a record 89% of all U...
by newacct583 on Monday October 18, 2021 @11:44AM
(#28906692)
That's true, but (especially when spread by politicians) terribly spun.
Almost half of americans have no federal "income tax" liability. They still pay a ton of federal tax on every paycheck they receive. Their income is absolutely taxed.
Re:The wealthiest 10% of Americans own a record 89% of all U...
by bpodgursky on Monday October 18, 2021 @11:47AM
(#28906731)
That's just not true. It might be taxed at the state or local level, but a lot of people simply don't pay federal income tax (and in fact receive a relatively large refund at the end of the year).
(many people get confused and interpret social security and health insurance withholdings as taxes).
Re:The wealthiest 10% of Americans own a record 89% of all U...
by pessimizer on Monday October 18, 2021 @11:50AM
(#28906784)
Many people refer to payroll taxes as payroll taxes, yes.
Re:The wealthiest 10% of Americans own a record 89% of all U...
by Spivak on Monday October 18, 2021 @11:53AM
(#28906827)
Especially since they are, literally, taxes.
I would probably even go so far as to call insurance a tax as well since I am legally required to pay it. I may have my choice what company administers my policy but they're effectively private arms of the government.
Re:The wealthiest 10% of Americans own a record 89% of all U...
by kapp_in_life on Monday October 18, 2021 @12:29PM
(#28907343)
There's no federal tax penalty anymore as part of trumps tax cut. Some states are enacting state tax penalties now though