Comment by 15155

Comment by 15155 4 days ago

6 replies

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.

    • disgruntledphd2 3 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.

      It matters because we don't know if these people are being taxed more proportionately or less. Like, Elon Musk pays more tax than you or I, but he probably pays at a much lower rate.

      What you don't want (from an equity and fairness perspective) is for people with more money to pay a lower rate of tax. That will cause problems.

      From a total population perspective, given some amount of money S it doesn't really matter who pays it (except for downstream impacts around fairness and elections).

      However, your original point was:

      > The vast majority of adults and their children will never pay their tax burden proportionately.

      I would argue that this is incorrect, everyone pays some proportion of their income in income/sales/property/estate taxes. And really, your point about who pays the majority of US federal taxes doesn't actually support your point.

      Finally, I would note that I mostly replied because I really hate those top x% comparisons as they're deceptive without looking at the proportion of income earned.

      • 15155 3 days ago

        "Fairness" - it's not about fairness, it's about basic accounting.

        Government could not afford to provide the services they provide if these taxes weren't paid, full stop.

        Progressive taxation or 'fairness' doesn't change this reality.

        • disgruntledphd2 2 days ago

          > Government could not afford to provide the services they provide if these taxes weren't paid, full stop.

          Of course they could. Taxation is not necessary in the short term for a government to provide services (especially if we're talking about the US which both issues its own currency and benefits from massive foreign demand for its debt).

          Over the long term, taxation needs to at least pay back the debt but that long-term appears to be much longer than I would have expected (when was the last time the US government ran a surplus?).