irishcoffee 4 days ago

How do you figure that?

  • 15155 4 days ago

    Grade school math. Look at income tax receipts: the top 5% pay >61% of all income taxes.

    You can try and split hairs with "sales taxes" and "payroll taxes" and try to shimmy things into some anti-capitalist stance ("but the companies benefit from their labor!!!," "renters pay property taxes indirectly!"), but the overwhelming majority of all tax payments come from a small percentage of individuals.

    • poulpy123 3 days ago

      Which is a very stupid way to look at things since it only means they are able to get the majority of the richest made by the country

    • disgruntledphd2 4 days ago

      > Grade school math. Look at income tax receipts: the top 5% pay >61% of all income taxes.

      This is a nonsense comparison unless you include the proportion of income that said taxpayers earn.

      • 15155 4 days ago

        Why does this matter? The government spends X dollars each fiscal year, divided by the number (N) of people. Most people aren't paying X/N.

        The government would not be able to fund every social program or services if it weren't for these receipts, which, most people cannot afford to pay. Even 100% of the majority of salaries can't cover this amount.

        Pretty cut and dry.