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Re:Former President Trump is projected to win the presidency by valval on Thursday November 07, 2024 @03:37AM (#42074803)
Rich people pay way more taxes than poor people. The top income earners pay for everything in this country and all the other countries.
Re:Former President Trump is projected to win the presidency by bdavisx on Thursday November 07, 2024 @08:54AM (#42076651)
>Rich people pay way more taxes than poor people.

Not as a percentage of their income, especially when all "taxes" (anything the government charges for) are taken into account.

Re:Former President Trump is projected to win the presidency by valval on Thursday November 07, 2024 @12:03PM (#42078509)
I can guarantee you without any shadow of a doubt that rich people pay a higher percentage of their income in taxes than poor people because of progressive taxation in the US.
Re:Former President Trump is projected to win the presidency by kelipso on Thursday November 07, 2024 @02:14PM (#42079852)
Above a couple of hundred thousand dollars a year or so, the percentage starts going down because the income comes from stocks etc.
Re:Former President Trump is projected to win the presidency by sokoloff on Thursday November 07, 2024 @02:28PM (#42079978)
A lot of poor people pay literally no federal income tax. (Just over 40% of households pay no federal income tax.)
Re:Former President Trump is projected to win the presidency by kelipso on Thursday November 07, 2024 @03:42PM (#42080750)
Sure, you still have people making a million dollars pay less in percentage income tax than people making $200k.
Re:Former President Trump is projected to win the presidency by sokoloff on Thursday November 07, 2024 @05:59PM (#42082062)
And people who make $200K and $1M/yr are both paying a higher rate than actual poor people.

Unless you're arguing that someone making $200K/yr is in the category of "poor" in which case it would pay to be explicit, because that's not going to be the most natural interpretation for most people.

Re:Former President Trump is projected to win the presidency by kelipso on Thursday November 07, 2024 @10:13PM (#42083736)
Lol maybe but when I see rich people I definitely think more than $300k.
Re:Former President Trump is projected to win the presidency by jbn on Friday November 08, 2024 @05:45AM (#42085841)
see https://www.pewresearch.org/short-reads/2023/04/18/who-pays-...

income tax is progressive but tends to become regressive at the very top when individuals have control over what counts as "realized income". The ultra wealthy in fact don't pay so much tax (and certainly not their "fair" share).

What you say is true absent any tax optimization, alas there is such a thing, especially at the top. Also, see works of Zucman and Saez.

Re:Former President Trump is projected to win the presidency by valval on Friday November 08, 2024 @03:37PM (#42090278)
What I said is self-evident to anyone above the age of 8, but thank you for providing a supporting graphic.

Oh and yeah it’s true 100% of the time, everywhere in the US. Let me state it again if you’re confused; rich people pay a higher income tax percentage than poor people.

Re:Former President Trump is projected to win the presidency by dekhn on Thursday November 07, 2024 @11:17AM (#42077976)
obviously percentage, not absolute amount.