Wednesday, March 30, 2022

On Biden Claiming that Middle Class Individuals Pay Double the Effective Income Tax Rate that the Wealthy Do

According to 2018 stats (the latest that I could find for the uber-rich) the top .01% of earners pays an effective income tax rate of 24.8% (https://www.aier.org/article/the-1-pay-37-of-federal-income-taxes/), so unless these truckers, cops, carpenters, teachers, plumbers, and firemen are dishing out close to 50% of their pay to the feds in income taxes alone, the fellow is either lying or ignorant. What else is new?.....................................................................................................P.S. I was able to find 2019 stats for the top 1% (taxpayers earning roughly between $500,000 and $10,000,000 a year). Their effective tax rate for that year was 25.6%. So again, unless these people......

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