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Topic: 5% of the population pays over 63% of all the federal income taxes
Anonymous A started this discussion 1 year ago#124,079
And yet they only earned 24% of all income! Make it make sense!
The scary "tax cuts for the ultra wealthy" are almost always across-the-board tax cuts but they DO give more relief to the group who are paying the vast majority of the income taxes, in terms of raw dollars. The relief by percentage in this common scenario would be the same for all taxpayers
Anonymous B replied with this 1 year ago, 5 minutes later, 1 day after the original post[^][v]#1,350,835
@1,350,824 (F)
we are literally only a month in and the lefties have deepthroated the glowniggers boots all the way to the knee. i cannot wait to see how much more unhinged they get.
Mr. Bloody Lemonade joined in and replied with this 2 hours ago, 11 minutes later, 1 year after the original post[^][v]#1,439,839
Wealthy people don’t actually have their net worth in cash. Their wealth comes from owning shares in their companies. They can arbitrarily decide to pay themselves whatever they want for tax purposes which is why they’ll do things like pay themselves $1 per year because they’re legally required to.
Mr. Bloody Lemonade double-posted this 2 hours ago, 9 minutes later, 1 year after the original post[^][v]#1,439,841
There’s sort of multiple layers to it. They won’t pay themselves a salary so they won’t have to pay income tax, but they won’t sell their shares so they won’t have to pay capital gains tax, so they’ll borrow against their shares instead to avoid taxes as much as possible.