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A comment on The wealthiest 10% of Americans own a record 89% of all U.S. stocks. Parent comment

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).

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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.
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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.

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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
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