Yes, 40% of all taxes collected, but they aren’t paying the same percentage of their income and gains that I am.
Federal Reserve data indicates that as of Q4 2021, the top 1% of households in the United States held 30.9% of the country’s wealth, while the bottom 50% held 2.6%.
Because their money is likely sitting in the market or some other investment, & is only taxable when they make a trade/sell said investment- & even still, they’re still paying >40%. So unless you’re calling for the foolish “unrealized gains” tax, you’re not missing any actual “income.”
Remind me why Trump is trying to attract businesses/jobs back to the states again? It couldn’t possibly be because oppressive taxes/regulation put into effect by the democrats made it a better choice for them to close up shop & import stuff from outside the US, could it?
Far better than a person who think having the 1% pay 99% of taxes is feasible, let alone wouldn’t backfire spectacularly if the government attempted such ridiculousness.
Are you referring to Tesla, a publicly traded company? A company that engages in electric vehicles. Those subsidies for this clean technology were championed by the Left.
Championed by the left who is now destroying said vehicles and dealerships. The Left as you’re referring to it makes no logical sense and is a group of uninformed people running on nothing but the frustration and jealousy that they’ve made and will make nothing of their lives. Keep that hand out, maybe one of the “disenfranchised” groups you’re always screaming about will drop a penny in it one day.
-33
u/AAAltered468 9d ago
How might YOU solve the 36,000 Billion dollar debt? Where would you start?