And the poor pay very little or no taxes. I would love a flat - tax. Corporations are one thing but Posted: Mar 21st, 2019 - 12:12 pm In Reply to: Trump admin tax laws still letting - Corporations slide
to assume that "the rich" do not pay their "fair share" is just a provable falsehood. If you want to better educate yourself then head on over to the IRS web site and download the most recent 2016 IRS federal income tax return data, it is readily available online. You will notice when you look over the data that the rich (top 1%) pay a lot higher tax rate than a poor person, a middle class or even an upper middle class person. The USA has one of the most progressive tax rates in the world – much more so than Europe. The poor in our country actually pay very low or zero federal income tax and many get federal tax rebates in the form of child tax credits, etc. (i.e. they may get $1000 back from the govt but only paid $500 in taxes so they actually earned money from the govt). This results in many 10’s of millions of Americans actually have a negative income tax rate.
If a true flat tax of 16% was levied with no exemptions it would be fairer because those at the lower end of the pay scale get much more in government benefits than the higher scale. Sweden requires those making less to pay more than we in the USA do and this makes sense since they benefit form all sorts of government programs.
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- Trump admin tax laws still letting - Corporations slide (Views: 278, 2019-03-21, 9:48 am)
- And the poor pay very little or no taxes. I would love a flat - tax. Corporations are one thing but
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