Comment on How to turn the phrase "The 1%" into a grawlixed slur?

• krisevol@lemmus.org ⁨9⁩ ⁨hours⁩ ago

  Don’t they pay like the majority of taxes in America?

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  • Rivalarrival@lemmy.today ⁨5⁩ ⁨hours⁩ ago

    The relevant metric is “proportionate” not “majority”. The working poor pay a much higher proportion of their earnings in taxes than the ultra rich.

    For example, our social security system is funded by taxes on the first $184,500 of personal income. Every dollar you earn above that is exempted from social security tax. That’s a 12.4% regressive flat tax. That tax is not assessed against business income, only personal income.

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    • krisevol@lemmus.org ⁨5⁩ ⁨hours⁩ ago

      The working poor usually don’t pay federal taxes, and usually pay a -% if you include rebates or credits.

      The middle class on the other hand gets screwed in taxes.

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  • Zoot@reddthat.com ⁨6⁩ ⁨hours⁩ ago

    No, in America the more money you make, the less your taxes become.

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    • SaveTheTuaHawk@lemmy.ca ⁨6⁩ ⁨hours⁩ ago

      to a point, then you pay $0 and after that, you actually get taxpayer money in goverment contracts.

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