Re:FDIC set to take First Republic Bank into receivership
by grogenaut on Saturday April 29, 2023 @01:30AM
(#35750308)
how much did those top 1% make in income out of the total?
[ Parent
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Re:FDIC set to take First Republic Bank into receivership
by _huayra_ on Saturday April 29, 2023 @01:44AM
(#35750375)
I'm glad you pointed this out. The parent comment to yours is the equivalent of people seeing a big red map of the US during the presidential race and saying "how come the Democrats win when there's so much red?!", as if land can vote -_-
Re:FDIC set to take First Republic Bank into receivership
by rmk on Saturday April 29, 2023 @02:09AM
(#35750465)
In America, land can vote, although not in the Presidential election. The Senate.
Re:FDIC set to take First Republic Bank into receivership
by jjeaff on Saturday April 29, 2023 @02:40AM
(#35750607)
Still not land voting. Seeing as RI gets the same number of votes as AK. And both senate candidates are selected by popular vote in the state, so even if most of the state is red, big blue cities can swing the vote.
Re:FDIC set to take First Republic Bank into receivership
by jack_squat on Saturday April 29, 2023 @04:29AM
(#35751155)
RI has the same approximate population as AK. What people mean when they say land votes, is AK compared to NY. AK has a population of < 1M while NY has a population of > 8 million. Proportionally, Alaskans have > 8x the representation in the senate that New Yorkers have.
Re:FDIC set to take First Republic Bank into receivership
by jjeaff on Monday May 01, 2023 @02:24PM
(#35776992)
I haven't heard people say "land votes" (except in this thread). Only, "land doesn't vote".
Re:FDIC set to take First Republic Bank into receivership
by rmk on Saturday April 29, 2023 @06:49PM
(#35758037)
Not a proportional vote but a territorial vote nonetheless.
Re:FDIC set to take First Republic Bank into receivership
by lotsofpulp on Saturday April 29, 2023 @06:13AM
(#35751601)
It is the same in the presidential election, since number of electoral votes from the state includes number of senators.
Re:FDIC set to take First Republic Bank into receivership
by Leherenn on Saturday April 29, 2023 @03:04AM
(#35750721)
"In 2020, the bottom half of taxpayers earned 10.2 percent of total AGI and paid 2.3 percent of all federal individual income taxes. The top 1 percent earned 22.2 percent of total AGI and paid 42.3 percent of all federal income taxes."
According to https://taxfoundation.org/publications/latest-federal-income....
Re:FDIC set to take First Republic Bank into receivership
by naijaboiler on Saturday April 29, 2023 @10:28AM
(#35753179)
Why do people like you always exclude payroll taxes and state taxes in counting who paid the most taxes. You only cherry pick the most progressive piece of the entire taxes paid
Re:FDIC set to take First Republic Bank into receivership
by Leherenn on Saturday April 29, 2023 @02:07PM
(#35755469)
I'm not even American mate. I was just interested in the statistics and looked it up online (maybe poorly) and posted it here since I assumed others would be. I didn't even comment whether this was good or bad!
Do you have the numbers you talk about?
Re:FDIC set to take First Republic Bank into receivership
by johngladtj on Saturday April 29, 2023 @08:02AM
(#35752131)
Dollar earned for dollar earned the top 1% pays 6 times the tax as the bottom 50%