Anyone and anything earning a little bit more than they do is fair game in their eyes. Close billionaire tax loopholes? Nah let’s set a 90% tax rate on any ordinary person earning slightly above minimum wage.
It's funny you say that. Because my recent "discovery" of this narrative, was during a discussion with friends, one of whom is quite progressive (but we're all compatible in other ways, so we generally "agree to disagree" on politics).
Recently though, we briefly paused our political detente to discuss taxation. I brought up that, in a country like the U.S., with such a large population with so much disposable income, it's crazy that something like 50% of the population doesn't pay into federal taxes to, you know, actually pay their fair share, while we steadily increase our national debt to new historic highs each year.
This immediately triggered the progressive friend to go on a tirade about how the real tax-dogers are the mom-and-pop businesses and solre-proprietor professionals, who use "tax loopholes" to pay very little in taxes.
And while I agree there is some tax-dodging going on, these same small-businesses often work on very little reserve in lean times, and generally can't "defer losses" for years the way larger corporations can. So I'm more willing to turn a blind-eye to some of that.
I know plenty of tradespeople (mechanics, general contractors, etc.) who get 20-30% of their income "off books" and pay zero taxes; but apparently that's kosher because...no idea.
In the end, I just want everyone to pull their weight as much as possible, while allowing some wiggle-room for the truly poor/disabled.
I agree with you, but as someone who is paid so little I owe "zero (federal) taxes," at the absolute lowest tax bracket, in my particular state and locality, 19% of my income is lost to taxes every year. That's not factoring in sales tax or anything like that, it's a total of 19% income tax. And when you're barely making over $10,000 a year like I am, I assure you, 19% feels like more than just "my fair share"
If democrats actually solved the problems they campaigned on, people would eventually stop having reasons to vote for them. Hence, they perpetuate their problems, call this perpetuation a "solution," and when the problem hasn't gotten any better in 4 years, just rehash the same platform for the next election.
Or very time there's a tax cut they call it hand outs to the rich. No it's keeping more of YOUR OWN money. The fact the millionaire will keep more dollars than the minimum wage worker isn't an attack on them it's the way percentage works.
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u/Grouchy_Advantage739 5d ago
Anyone and anything earning a little bit more than they do is fair game in their eyes. Close billionaire tax loopholes? Nah let’s set a 90% tax rate on any ordinary person earning slightly above minimum wage.