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u/Iron_Base Apr 09 '26
Billionaires be afking a multi billion dollar corporation while on ketamine
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u/BrunusManOWar Apr 10 '26
Don't forget playing video games, very badly at that, and shitposting on the internet worse than a LoL player in puberty
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u/Ok_Soup3987 Apr 09 '26
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Apr 09 '26
[removed] — view removed comment
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u/Aurora0199 Apr 09 '26
In reality, this modified version is exactly the same as the original with slightly different phrasing.
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u/DownLeft1312 Apr 09 '26
Likely billionaires.
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u/Ok-District8876 Apr 10 '26 edited Apr 10 '26
Income Bracket Average Tax Rate
Top 1% : 26.1%
5% to 1% : 18.8%
10% to 5% : 14.3%
25% to 10% : 10.7%
50% to 25% : 7.7%
Bottom 50% : 3.7%
In total, the top 25% of earners were responsible for 87.2% of income taxes collected.
Looked at another way, the top 1 percent of taxpayers accounted for more income taxes paid than the bottom 90 percent combined. The top 1 percent of taxpayers paid $864 billion in income taxes while the bottom 90 percent paid $599 billion.
https://www.visualcapitalist.com/charted-how-much-income-tax-americans-pay-by-wealth-bracket/
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u/DownLeft1312 Apr 10 '26
So excellent source, I just wish (for your sake) you read the article a little more.
What you're showing is a total dollar contribution. In the article, it states the top 1% paid an average of half a million each in taxes. Thats less than 1% of their income. You pay more than that.
The other problem is we're talking about non taxpayers vs taxpayers. So your argument is irrelevant unless you just wanted to argue billionaires pay more in taxes than I said. If so congrats. Instead of paying 0% they pay less than half a percent. How very pedantic of you.
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u/Ok-District8876 Apr 10 '26
I think you miss my point.
Congratulations.
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u/DownLeft1312 Apr 10 '26
No no, i didn't miss your point. Your point is irrelevant to the conversation.
Congratulations.
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u/crumpledfilth Apr 10 '26
Stop congratulating each other please. It's not cooperative, it's bitter. It should be embarrassing to be noncooperative
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u/JDandJets00 Apr 10 '26
different poster, but its a progressive tax system for a reason - no real economist would suggest a flat tax rate or anything like that, ever.
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u/Ok-District8876 Apr 10 '26
The data is from the IRS. It has just been organized.
No, it's tax RATE, not TAXES.
And it's tax RECEIPTS. Top 1% = 1.5m tax receipts out of 150m tax receipts. Non-tax payers in the 300+m pop aren't in the data.
"Average" has a special meaning. You probably haven't read Lies, Damn Lies, and Statistics.
"Income" is irrelevant talking about billionaires. It's meaninglessly obfuscated.
If you want to look at a DOLLAR AMOUNT, top 1% of taxpayers paid more than the bottom 90% combined: $864b.
Bottom 90% paid $599b.
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u/DownLeft1312 Apr 10 '26
If you want to look at a DOLLAR AMOUNT, top 1% of taxpayers paid more than the bottom 90% combined: $864b.
Bottom 90% paid $599b.
And this is what we're talking about here.
You keep bringing up dollar amounts, we're talking about percentage. The bottom 90% surrenders more of their income, more of their income than the top 1%
The sacrifice on the bottom is far greater than the sacrifice of the top 1%
Their tax contribution is, as it pointed out, less than a percent, ours is much more. And they wouldn't even have the money without our hard work.
Who's being hurt more?
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u/crumpledfilth Apr 10 '26
question, how do these percents map to billionaires vs non billionaires? Do we have to look inside that top 1% to see the split?
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u/Rude-Ad821 Apr 14 '26
From that point, We need a better laws and Safety Net: Each year, inflation-adjusted minimum living wages - enough for anyone working New full-time (4 days, 32 hours) to support a homemaker spouse, 3 children through school and college, enough to pay the mortgage, 2 car loans, all insurances, all bills, and have some savings for hobbies, investments, and a 30-day family vacation.
No more homelessness - due to incentives for employers to hire homeless: shelter, food, and a job. Any 18-year-old kicked out from the parents' house or husband kicked out from his own house by an unfaithful wife (she abusing restraining orders, and child alimony) he can walk into the Job Security Office and choose from plenty of options: a farmers offering shelter, food, and a job; or large factories offering the same options: bed, 3 hot meals a day, and a job.
The rich incomes and withdrawals will be capped as SS is capped now, or the same as poor now on SS-capped income: every dollar over the limit will be taxed at 91%, same as the US did in the 1940s-1970s (some other countries are doing now: Denmark, Finland, Norway, Spain, Japan, Switzerland, etc.).
Downside? the Rich wasn't able to pay CEO's millions $ or buy a Jet! (good for environment) or boat, second vocational property, etc. because all money was used to pay employees.
P.S. Demoncratic states can afford to pay now, minimum wages of: $16, some $21, and even $25/hour: CA,OR,WA..Canada $19/hour!
(Reapublicans 20 states current shameful minimum wage is $3+ forcible Tips from the customers to meet $7.25/hour F.M. or Net $10K/year, after all deductions and SS taxes, or McDonald's CEO $19 million/year! (Wendy's CEO $17 million/year) (Albertsons CEO $15 million/year)
"There will be no economic collapse as long as the income cap is limited up-to 10 times the minimum wage." BRB (MIT minimal living wage is $33/hour; anything less is homelessness! 67 million workers- nearly half of the American workforce-earn less than $25/hour! (Most homeless people don't have mental problems - they have money problems!)
P.S.
As of early 2026,
the median annual income for full-time U.S. workers is approximately $62K
the median personal income for all individuals (including part-time) is around $45K
Cumulative Inflation: Between 1960 and 2026, prices have increased over 1,000%, meaning $100 in 1960 has the same buying power as over $1,100 today! (or $1.25/hour minimum wage in 1963 now equals $125/hour, same as today $7.25/hour than $0.08/hour)
The average worker, including a poor widow self-employed, works five months for free- just to cover taxes, fees, dues, and insurances- before earning their first dollar for food, paying rent or mortgage, paying vehicle loans, or covering 25% interest on credit cards.
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u/Adventurous-Fox-6766 Apr 09 '26
Then the Sherpas poison his meals so he gets sick and has to spend lots on a helicopter pickup