Current Events > Richest Americans Now Pay Less Tax Than Working Class in Historical First

(+) Yeah! (+)

In the 1960s, the 400 richest Americans paid more than half of their income in taxes, according to the Times. By 2018, America's wealthiest individuals paid just 23 percent of their income in taxes.
Meanwhile, the bottom half of income earners paid 24 percent of their income in taxes.

https://www.newsweek.com/richest-americans-pay-less-tax-working-class-1897047

https://gamefaqs.gamespot.com/a/forum/5/5f3b94a2.jpg

fucking vampires

wish america would learn french

DarthAragorn posted...

wish america would learn french

Didnt a bunch of rich French people leave France because of their tax increase

I'm sure the wealth will start trickling down any day now.

/s

kage_53 posted...

Didnt a bunch of rich French people leave France because of their tax increase

That ain't the french I'm talking about

USA! USA! USA! caps

Will it take social security running out completely to finally tax the rich

So billionaires now pay less than $10-30k in taxes? Wow, that's messed up.

Count_Drachma posted...

So billionaires now pay less than $10-30k in taxes? Wow, that's messed up.

Chud alt detected

Count_Drachma posted...

So billionaires now pay less than $10-30k in taxes? Wow, that's messed up.

You missed the point, but also yes:

In 2007, Jeff Bezos, then a multibillionaire and now the worlds richest man, did not pay a penny in federal income taxes. He achieved the feat again in 2011. In 2018, Tesla founder Elon Musk, the second-richest person in the world, also paid no federal income taxes.

https://www.propublica.org/article/ the-secret-irs-files-trove- of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax

DarthAragorn posted...

Chud alt detected

He might be a chud but he's also sadly right. They weren't paying enough in the first place. They're just rubbing it in at this point

And yeah the fact they can borrow against their own company to avoid taxes is absolute bullshit

Axiom posted...

He might be a chud but he's also sadly right. They weren't paying enough in the first place. They're just rubbing it in at this point

And yeah the fact they can borrow against their own company to avoid taxes is absolute bullshit

Don't give him credit for accidentally being right

He was clearly trying to imply that the rich still pay more taxes by dollar amount ignoring that the percentages are pathetic

Count_Drachma posted...

So billionaires now pay less than $10-30k in taxes? Wow, that's messed up.

You don't know what percentages are do you? This isn't about total money its about percentage of total income.

DarthAragorn posted...

That ain't the french I'm talking about

I mean he's not wrong that they left, in a manner of speaking.

"Now now everyone. Stop hating on Billionaires. I might be one someday! Now if you don't mind, I need to unzip Mr Musk's pants for a job he hired me to do."

should have chosen to be born a billionaire

Illinois put a graduated income tax on the ballot -> voted down

Chicago put a mansion tax on the ballot which would have lowered the tax on the first $1 million you paid for a house -> voted down

People live vicariously thru rich or celebrities? Or think what they tell you is more reliable?

DarthAragorn posted...

He was clearly trying to imply that the rich still pay more taxes by dollar amount ignoring that the percentages are pathetic

He's right though in the context of the article. The topic title is just not worded particularly well.

The rich are going to drive the impoverished working and middle class to the point where they'll need to literally eat the rich in order to have food in their bellies.

How obscene it is to live in this reality.