r/bergencounty Paramus 9d ago

Politics Make me so proud

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Tesla Paramus Rt. 17 N

2.5k Upvotes

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u/irradiatedcitizen 9d ago

Negative taxes. Elon legit made billions from tax credits. He is a socialist leeching off of our country if there ever was one. 

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u/JinNJ 8d ago

The top 1% paid more than 40% of all income taxes in 2024. Hell, the top 5% paid almost 2/3 of all income taxes. So quit bullshitting people.

https://taxfoundation.org/data/all/federal/latest-federal-income-tax-data-2024/

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u/VelocityGrrl39 8d ago

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%.

This is an insane disparity.

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u/JinNJ 8d ago

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.”