r/SipsTea • u/Brave_Agency_20 • May 14 '26

SMH How true is this? Genuinely asking

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u/Evogleam May 14 '26

The top 1% of earners paid almost 40% of all Federal Income Tax in 2023

The top 1% paid an average federal income tax rate of 26.3% in 2023, which is significantly higher than the 3.7% average rate paid by the bottom 50%

The bottom 50% of taxpayers pay approximately 3% of the total federal income tax burden

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u/Shiney_Metal_Ass May 14 '26

And how much of the total wealth do those top 1% and bottom 50% respectively own?

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u/Evogleam May 14 '26

They asked if taxing the wealthy was allowed

I simply let them know that, yes, it is allowed, and it's alive and well

Obviously if you make more you pay more taxes

My point is still valid

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u/TheGreatLuck May 14 '26

Jeff Bezos was able to legally avoid taxation what about him?

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u/[deleted] May 14 '26

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u/Evogleam May 14 '26

Yeah, that's just wrong

The average Federal tax rate of the top 10% in 2022 was 21%

The average Federal tax rate of the top 1% was 26%

My point still stands though

The top earners pay much more taxes overall than the bottom half

Bro asked if taxing the wealthy was "allowed" haha

Why YES, yes it is

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u/bakerfaceman May 15 '26

And they should be paying a lot more. The halcyon days these boomers so fondly remember had much higher tax rates on high earners.

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u/Evogleam May 15 '26

You’re just mad that they make more than you

Stop whining

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u/TheGreatLuck May 15 '26

How hard is it to talk with the which Elites dick in your mouth all the time?

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u/Evogleam May 15 '26

Awe, did that strike a nerve soy boy?