The share of reported income earned by the top 1 percent of taxpayers fell slightly, to 20.9 percent in 2018 from 21 percent in 2017. Their share of federal individual income taxes rose by 1.6 percentage points to 40.1 percent. Since 2001, the share of federal income taxes paid by the top 1 percent increased from 33.2 percent to a new high of 40.1 percent in 2018. In 2018, the top 50 percent of all taxpayers paid 97.1 percent of all individual income taxes, while the bottom 50 percent paid the remaining 2.9 percent. The top 1 percent paid a greater share of individual income taxes (40.1 percent) than the bottom 90 percent combined (28.6 percent). The top 1 percent of taxpayers paid a 25.4 percent average individual income tax rate, which is more than seven times higher than taxpayers in the bottom 50 percent (3.4 percent). |
That’s fine but you should have skipped the useless throat-clearing claiming to be a liberal in your first post. Now were just debating tax rights and with asides to boo hoo about SALT deductions. Pretty boring conversation you should just stick to having with your golf buddies. |
This country is not and never has been about income equality. And it should not be. Equal opportunity, yes. Do we need to work on the latter? Yes. very much so. |
Different poster but way to assume. And go make more money so you too can do your part for others. |
First, those figures are highly suspect. Secondly, if you earn a half million dollars a year and paid 40% of it taxes, you’re still clearing $275k a year after taxes. Compare that to someone making $35k a year, who might keep $25k after taxes. See the problem now? The person making $35k should not only pay zero in taxes, but should get an income supplement to bring them up to maybe $60k. And the person making $500k should be taxed to the point where they keep maybe $80-$90k after taxes. So they still earn more, but not vastly more, than others. This is how you eliminate wealth disparity in a society. |
Wealth disparity is not the problem. But your plan won’t end wealth disparity, it will end prosperity by channeling resources to poor uses. Less prosperity will result in even more poverty. |
No way. You'll kill any incentive for the $35K earner to acquire job skills and become a more valuable member of society. Right now, a friend's sister is earning exactly that - $35,000 - working some low-level job, and she is enrolled in a certificate program at the community college with the hope that when she comes out she can get a job earning at least $50,000. Why would she bother if the leftists are just going to give her money to bring her up to a $60,000 level? Also, you really think we should take high school grads earning $35K, and MBAs who are VP's of corporations earing $500,000 - and "equitize" them to the point that only $20,000 a year separates them? I worked a very difficult corporate job making $120,000 - working until 7 pm or 8 pm when required (which was often), as well as weekends - with all types of deadlines and stress, and you think that I should end up with only $20,000 a year more than the admin who did relatively simple work and went home right at 5 pm without a work worry? You'll kill it on both ends: the low earners won't have the incentive to better themselves, and the high earners putting in 90 hours a week at high-skilled jobs will figure "why put in all this time and effort when I barely end up living better than the secretary"? |
But the problem is that these policies don't take the excess of wealth from some, they take the excess of SALARIES from some. Bezos has a giant house in DC, will he be paying more under this? If not then why are people crowing about families making $225k not paying thier fair share? What does fair share even mean? For the record I am affected by this and would be thrilled to pay more in taxes if it meant that daycare workers and teacher made more. But the council saying platitudes like "this will cut homelessness in half" means nothing. Or "5 councilpeople voted against ending homelessness." This is a revenue source and they are implementing a policy, you can't say that implementing a tax results in anything until it actually results in it. It also makes me salty as a DC resident that MD and VA drivers can drive into our city, not pay for the roads, speed, and not pay speeding tickets. I would love the money that is spent on maintaining GA ave as a highway for MD commuters to be funneled into daycare salaries as well. |
No, I don’t see the problem, and also you’re wrong that someone making $35k/yr is is paying that much in tax. But anyway if you tax me that heavily I’m going to quit my high income job. It’s barely worth it at my current tax rate. |
So? Quit your job. Who cares? Someone else, hopefully a BIPOC, will replace you. Win-win. If you want to act spitefully because you just can’t bear to help people with less privilege than you, than good riddance. |
Found the republican trump-scum!!! No one cares what you think. Your time is over. |
You don’t know anything about anything the persons race, how much they do for others, their level of “privilege” NOTHING and yet you post as such. You are the unwise and your pig headed prejudice is exactly what we need less of in the world. |
| Enhance freedom and opportunity for everyone and things will end best. Have a few “deciders” deciding for everyone and it will be a disaster. It’s not even slightly debatable. |
Huh? A poster points out the negative consequences to the socialist wish put forth by another poster that we "equalize" the earnings a low-level $35,000 with a high school degree who leaves at 5 pm every night and a high-earning professional putting in 90 hours a week, and all you can come up with is a one-line insult about "scum"? Not everyone who disagrees with far-left goals (like equalizing incomes of minimally skilled and educated people with highly skilled and educated people) is scum. And the fact that you had to revert to a nasty little insult tells me that you couldn't argue the point. So I'll repeat: if you redistribute people's money so that high school graduates with low-level job skills and highly educated professionals with advanced skills "earn" approximately the same, the high school graduate will have no interest in bettering herself and the corporate executive won't want all the grief and stress and end up with only slightly more than a HS grad. |
So true. Why did that poster just assume that someone earning a high income is a white? Talk about racism! |