I am getting so damned tired of having to bat down this hackneyed piece of bullshit/propaganda.......but apparently I have to do it again. Here the stats from 2021 (most recent year available). The top 1% wage-earners pay 45.8% of all income taxes and have an effective tax rate of 25.9% (far higher than the firefighters and teachers that Harris constantly dredges up). The top 50% pay 97.7% of all income taxes, meaning that the bottom 50% pay only 2.3% (fair share).
And, yes, there are other taxes that people have to pay but even there the rich pay a much higher percentage of the total of those in that they buy more stuff (sales tax), have way more property (property tax), leave more scratch to the government when they die (estate tax), and pay the highest amount for social security (a system that I've consistently argued should be means-tested but for some weird reason the left seems to be against that).
Look, I'm not saying that the rich shouldn't pay more (I'm largely agnostic - though, yes, there is a law of diminishing returns as rich people will clearly alter their behavior in response to draconian tax rates) but can we at least be honest about this stuff and not insult the people who are largely already banking this enterprise?
No comments:
Post a Comment