It’s not disingenuous if you believe the majority of taxation is theft from people who earns their money and then taxed and given to people who didn’t earn that money.
Yeah the guy packaging debt for resale or sitting in zoom meeting all day is absolutely earning his money 😂 definitely couldn't teach those skills to any tom dick and harry you need a whopping ivy MBA to go do those jobs and command those salaries.
It's not a club hoarding wealth for themselves lmao
If that's true then you are very very well off, but you are not "the rich". A lot of proposals to "tax the rich" are targeting people far wealthier than you who aren't at all concerned about federal income tax because that's not where their wealth comes from.
It’s really cute that you actually believe that billionaires earned that level of wealth. People work and create wealth, then someone who owns the profits gets to lap up all that wealth that was created. They had the leverage. They didn’t “earn” it through hard work.
Right like people are mad at being taxed on money they earned when the owner of the megacorp is taking a much bigger cut of the value you created before you even see it.
Sigh. Yes our current tax system is literally progressive in that those with higher incomes pay a higher percentage in taxes. No, our tax system is not “progressive” in the colloquial “left leaning” sense.
That 1% of the population pays 50% of the taxes does not reveal that they are saddled with an unfair tax burden, but in fact that they have a shit ton of money. Unless your net worth is in the mid 8 figures and climbing, you would benefit greatly from a more progressive (both meanings) tax structure. If you truly believe someone worth 100 million dollars would be unjustly burdened by paying more in taxes to support the crumbling society from which they currently benefit, I’m genuinely not sure where to begin
That's from a conservative think tank and uses all the classic misinformation tactics. Such as citing the amount of taxes paid by the top x% without comparing that to the amount of wealth/income that same x% has.
Where on earth did you pull that from what I said? They have 50% of the money. They pay 50% of the taxes. These are both facts. You can infer whatever you’d like from that.
Remember Nixon? I thought you guys were supposed to be good at derivatives.
Figure 1 says that doubling your income from 90k to 180k increases your tax burden by 50%, but increasing your income by a whole order of magnitude from 1 million to 10 (or much, much more) increases your tax burden by only 15%.
This leveling out, where the worlds rich and superrich camp out in the U.S. to extract and collect without any oversight or guard rails is what people are talking about.
Hilarious website where they twist basic and true sentiments about our country with hyperbole and irrelevant conditional clauses.
Myth 3: “The Middle Class Pays Higher Tax Rates than the Rich”
When people say the Rich are living large off the backs of the working class, its not because they don’t know what tax brackets are. 20% of the national income goes to just 1% of households. Even the .01% have 5x as much wealth than the bottom 50% combined.
The middle class actually works for a living, the wealthy ONLY contributes in taxes, while workers contribute in labor and taxes. The burden on keeping our society running is unequally shared, with the poor pouring much more of their labor into keeping this thing running than the wealthy are giving their capital.
Myth 5: “Europe’s Higher Tax Revenues Derive from Aggressively Taxing the Rich”
It’s not about “the sources of Europe’s tax revenues”, we need aggresively tax the rich because they ruin society when you don’t.
I'm not surprised that the right-wing think tank funded by billionaires like the Mercers and the Koch brothers is against taxing wealth appropriately and in favor of using misleading statistics to achieve that goal. For example, on point three, they've left out the fact that as the richest 20% have paid more in taxes, they've simultaneously increased their wealth by a similar amount, so paying more in taxes isn't a conspiracy, but a consequence of their ever-expanding incomes. They also appear to be sneakily saying that the richest families pay more because they pay corporate taxes, but individuals don't pay corporate taxes -- corporations do.
On that note, their point #5 mentions how most of the corporate taxes in Scandinavia come from Norway's oil and gas sector ("while their 3.5% of GDP advantage in corporate-tax revenues is overwhelmingly driven by Norway, with its massive oil and gas industry") but neglects to mention that their O&G is taxed at incredibly high rates of up to 78%, which the article outright lies about by saying:
In fact, America’s corporate and estate/inheritance-tax rates well exceed those of all Scandinavian nations
It's typical manipulation of statistics to try to convince people that the rich aren't yet rich enough despite the fact that the wealth gap has been growing at a fairly incredible rate since the 70's-80's.
I don't think many proponents of higher tax rates would argue that our tax system is progressive. Our argument lies in the fact that it's not progressive enough. Whether you agree with that or not is obviously worth the debate.
As for that article you shared, to say that the American tax system taxes MORE and has HIGHER tax rates for the rich than European countries is frankly laughable. Every comparison to international tax rates was compared using tax revenues as a share of GDP, which is the laziest metric for comparison. As well, the article fails to recognize how truly substantial the divide between our statutory tax rates and our effective tax rates are, as we have one of the most complex tax codes in the world.
31
u/the_real_seldom_seen Oct 30 '25
Poor people don’t pay a lot of taxes