LogFAQs > #931316490

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Topic	My very liberal friend posted this on Facebook. Give me a good response.
Unbridled9 12/09/19 8:23:54 AM #34:	Blaqthourne posted... "The top 1 percent paid a greater share of individual income taxes (37.3 percent) than the bottom 90 percent combined (30.5 percent)." https://taxfoundation.org/summary-latest-federal-income-tax-data-2018-update/ If you're going to complain about the rich supposedly paying no taxes while pointing out that the poor hardly pay any, why would you want to switch to a system where the poor would pay several multiples of what they currently pay while the rich would only have a negligible increase? IMO the mis-understanding comes from the fact that the money lost to taxes means a LOT less to the rich than the poor. As a result it seems like the rich pay less while the poor get heavily burdened even though that's not quite the case. After all, 1 dollar out of 100 is a bit more meaningful than 10 out of 1,000 despite both being 1%. --- I am the gentle hand who heals, the happy smile who shields, and the foot that will kick your *! - White Mage <cite>Unbridled9 posted [p:931316490] in My very li... [t:78231301]...</cite> <quote>Blaqthourne posted... </cite> <quote>"The top 1 percent paid a greater share of individual income taxes (37.3 percent) than the bottom 90 percent combined (30.5 percent)." https://taxfoundation.org/summary-latest-federal-income-tax-data-2018-update/ If you're going to complain about the rich supposedly paying no taxes while pointing out that the poor hardly pay any, why would you want to switch to a system where the poor would pay several multiples of what they currently pay while the rich would only have a negligible increase?</quote> IMO the mis-understanding comes from the fact that the money lost to taxes means a LOT less to the rich than the poor. As a result it seems like the rich pay less while the poor get heavily burdened even though that's not quite the case. After all, 1 dollar out of 100 is a bit more meaningful than 10 out of 1,000 despite both being 1%. --- I am the gentle hand who heals, the happy smile who shields, and the foot that will kick your *! - White Mage</quote> ... Copied to Clipboard!
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