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

• Rivalarrival@lemmy.today ⁨2⁩ ⁨weeks⁩ 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 ⁨2⁩ ⁨weeks⁩ 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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    • Rivalarrival@lemmy.today ⁨2⁩ ⁨weeks⁩ ago

      They still pay a high percentage of their income in sales tax, and they ultimately pay their landlord’s property taxes. The middle class might see the highest taxes, but the working poor still pay proportionally more than the ultra-rich.

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• Zoot@reddthat.com ⁨2⁩ ⁨weeks⁩ ago

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

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  • SaveTheTuaHawk@lemmy.ca ⁨2⁩ ⁨weeks⁩ ago

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

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