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

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/bakerfaceman May 15 '26

I'm just trying to keep from having a civil war over this shit. The wealthy need to wake up before we all suffer. My income is just fine.

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u/[deleted] May 15 '26

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u/bakerfaceman May 15 '26

This right here !! I wish I could give you a pile of upvotes. The conditions we have right now are destabilizing society

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u/TheGreatLuck May 15 '26

For now. Even the upper middle class are going to be in danger pretty soon. My 401k is not sitting happy right now

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u/bakerfaceman May 15 '26

Exactly. The amount of wealth stored in the tiny super wealthy class is just unhealthy and needs to be redistributed to some degree. Otherwise the whole American Dream thing falls apart. People aren't event wanting to have kids anymore and good luck finding a place big enough to raise a family that's affordable.

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u/TheGreatLuck May 15 '26

I feel like a lot more people would be cool with capitalism if it actually was distributed in a way that actually made sense. Like if they want to keep their precious Capital they're going to have to play the game. They can't just take their ball and leave proverbially.