Comment on Saw this on Facebook đ
Chetzemoka@startrek.website â¨8⊠â¨months⊠agoThey pay 42% of INCOME taxes, which are only 40% of the annual federal tax receipts. Which means their income tax only amounts to about 17% of the overall tax receipts. Their FICA contributions are capped and they pay no FICA on anything over about $140,000. FICA tax accounts for 25% of overall federal tax receipts. The majority of remaining tax receipts are consumption taxes and property taxes, both of which impact lower income citizens more.
taxfoundation.org/âŚ/us-tax-revenue-by-tax-type-20âŚ
PsychedSy@sh.itjust.works â¨8⊠â¨months⊠ago
Fair correction. So, youâre saying they do pay taxes?
steakmeout@aussie.zone â¨8⊠â¨months⊠ago
Keep shifting the goalposts. Thatâs how you win, right? Howâs that boot leather taste?
PsychedSy@sh.itjust.works â¨8⊠â¨months⊠ago
Iâm not the one that shifted them. What was the comment I first replied to? Iâll wait.
steakmeout@aussie.zone â¨8⊠â¨months⊠ago
Your statement implies that the top 1% pay 42% of all taxes, which is untrue. When called out on your lie of omission you cried like a bitch and tried to shift the goalposts to seem like you didnât lie.
unfreeradical@lemmy.world â¨8⊠â¨months⊠ago
Thatâs the truth, 110%.