Authored by Simon Black via SovereignMan.com,
Every year the IRS publishes a detailed report on the taxes it collects. And the statistics are REALLY interesting.
A few weeks ago the agency released its most recent report. So this is the most objective, up-to-date information that exists about taxes in America.
This is important, because, these days, it’s common to hear progressive politicians and woke mobsters calling for higher income earners and wealthier Americans to pay their “fair share” of taxes.
But this report, directly from the US agency whose job it is to tax Americans, shows the truth:
The top 1% of US taxpayers paid 48% of total US income taxes.
And that’s just at the federal level, not even counting how much of the the local and state taxes the wealthy paid.
Further, the top 10% paid nearly 72% of total income taxes.
Meanwhile, the bottom 40% of US income tax filers paid no net income tax at all. And the next group, those making between $30-$50,000 per year, paid an effective rate of just 1.9%.
(Again, this is not some wild conspiracy theory; these numbers are directly from IRS data.)
But the fact that 10% of the taxpayers foot nearly three-fourths of the tax bill still isn’t enough for the progressive mob. They want even more.
The guy who shakes hands with thin air, for example, recently announced that he wants to introduce a new law that would create a minimum tax of 25% on the highest income earners.
But the government’s own statistics show that the highest income earners in America— those earning more than $10 million annually— paid an average tax rate of 25.5%. That’s higher than Mr. Biden’s 25% minimum.
So he is essentially proposing an unnecessary solution in search of a problem.
I bring this up because whenever you hear the leftist Bolsheviks in government and media talking about “fair share”, they always leave out what exactly the “fair share” is.
The top 1% already pay nearly half the taxes. Exactly how much more will be enough?
Should the top 1% pay 60% of all taxes? 80%? At what point will it be enough?
They never say. They’ll never commit to a number. They just keep expanding their thinking scope.
Elizabeth Warren, for example, quite famously stopped talking about the “top 1%” and started whining about the “top 5%”. And then the “top 10%”.
She has already decided that the top 5% of wealthy households should not be eligible for student loan forgiveness or Medicare.
And when she talks about “accountable capitalism” on her website, Warren calls out the top 10% for having too much wealth, compared to the rest of households.
Soon enough it will be the “top 25%” who are the real problem…
Honestly this whole way of thinking reminds me of Anthony “the Science” Fauci’s pandemic logic on lockdowns and mask mandates.
You probably remember how reporters always asked “the Science” when life could go back to normal… and he always replied that it was a function of vaccine uptake, i.e. whenever enough Americans were vaccinated.
But then he kept moving the goal posts. 50%. 60%. 70%. It was never enough. And there was never a concrete answer.
This same logic applies to what the “experts” believe is the “fair share” of taxes which the top whatever percent should pay.
They’ll never actually say what the fair share is. But my guess is that they won’t stop until 100% of taxes are paid by the top 10% … and the other 100% of taxes are paid by the other 90%.
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“But let me offer you my definition of social justice: I keep what I earn and you keep what you earn. Do you disagree? Well then tell me how much of what I earn belongs to you – and why?” ― Walter E. Williams, All It Takes Is Guts
“How does something immoral, when done privately, become moral when it is done collectively? Furthermore, does legality establish morality? Slavery was legal; apartheid is legal; Stalinist, Nazi, and Maoist purges were legal. Clearly, the fact of legality does not justify these crimes. Legality, alone, cannot be the talisman of moral people.”
― Walter E. Williams, All It Takes Is Guts
Haven’t you heard?
The new tax forms will only have two lines to fill out:
1. How much did you make last year?
2. Please send a check for that entire amount to 1600 Pennsylvania Avenue, Washington, DC
Clown World is calling,
It’s too easy!!!
If you can print all the money you’ll ever want, why take mine?
Printing IS taking everyone’s money, via counterfeiting the value out of it, without resorting to direst taxation. It’s an end run, which people don’t protest, because they don’t know.
End the Fed . . . AND the IRS. And then, the rest of .gov.
Re-elect 1776 for president in 2024!
If you could print all the money you’ll ever want, would you show up at a “job” tomorrow?
They don’t need money, they are the source of it. You need money, and must go to the source to obtain it.
The reason you need the money is (this is the good part), because they take it back from you. It isn’t really money we’re talking about, it’s legal tender, what the government will accept as payment to it, i.e for the purposes of taxation.
Tote that barge, lift that bale, sucka. They aren’t taking your money, you don’t actually have any to take, you have bank debt notes. They’re taking your labor.
They may not need money, but they do need to have their lawns mowed, their garbage collected, and their ICBMs constructed, and they ain’t gonna do it themselves.
Same jackass meaningless statistic gets trotted out every couple of years.
Ceteris paribus, all you need to know to figure out that the more income you make, the more you get hosed on income taxes is that we have a progressive income tax.
If we had a flat tax and the top 1% of income earners earned 40% of all the income that was earned in a given year; then the top 1% paying 40% of the income tax would be their fair share.
Without knowing what percentage of ALL the income earned was earned by the top 1%, the statistics used in this article are meaningless.
I am not arguing that the to income earners pay too much, and I am not arguing that they pay too little. I am arguing that the argument AS FRAMED and using the non-measuring “metric” it uses is an argument framed by a fucking retard.
The top 1% earns about 13% of all income. But pay 42% of all tax. The top 10% earns around 30% of all income, but pays over 70%.
You are just flapping your gums because you are too lazy to look up the stats so that you can actually make an argument with facts.
Clearly, the top earners pay far beyond their fair share.
It is never a tax issue. It is always an expenditure issue.
That’s why ‘they’ get to mold public policy, to wit, share power. Rightly so from their point of view.
Not true Loop, Billionaires pay little to no taxes and I’ve put up proof of that before. You’re still wrong.
Last time we went through this, I proved that the 128k to 600k taypayers are most taxed.
BL – billionaires pay lots of tax. Just not income tax. Because they borrow against assets, and or get dividends, which are either not taxed or are taxed at a preferential rate. Being a billionaire isn’t the same as having taxable income. Which is why the stupidest of the left – Warren for instance – is trying to figure out a way to tax wealth. Billionaires pay massive tax indirectly and directly via company tax, property tax, payroll taxes, etc etc etc. Your “proof” (snort) conveniently ignores that, and also ignores the fact that wealth ain’t income.
No offence, but you aren’t smart enough to prove anything with numbers in a debate with me, and you are pushing an agenda. Me, it is just the data, the facts, and an understanding of where and how money flows and is accessed.
Wealth isn’t income. Income isn’t wealth. Income is taxed, wealth for the most part isn’t, on a fed level. And the people that pay the highest percentage of tax are clearly those with the highest taxable income. And that isn’t those you are talking about.
Flat tax no preferential rates no shelters earn a buck or a billion same percent
“At what point will it be enough?”
You will own nothing, and be compelled to labor for it.
The spicks in Shitcago are freaking out because their property taxes on homes and businesses have sky rocketed .Well who did they think was going to replace whitey when he was gone. Someone has to pay for all the nigger imbeciles and baby mamas lol.
One of the many Chicago mayoral ads mentioned making businesses pay their fair share of taxes. Just another way to push out most of the remaining businesses.
Shitcago is a fucking nightmare. Only an Indian or Arab is crazy enough to open a business there.
Chicago is reverse of most cities in that the only niceish parts are downtown, and the total shitholes are outside the main areas. It generally tends to be reverse of that. It is a massive shithole that takes a very long time to drive through.
The biggest shithole area used to be Gary, Indiana which bleeds over into another state.
Honestly I thought the asshole of the universe was in the area of Jonesboro , Arkansas and an area known as Blytheville.
Nice………….another feel sorry story for the parasite class of rich who bought a politician.
Ike took a lot of heat from repubs (CUCK FACTION OF democrat party) for not lowering the 75% tax rate on the rich.
I am not talking about real self-made rich………ya know …….the ones with useful products and services……….Im speaking of PARASITES in WAR industries and the little FAGGOT silicone interweb scam.
Zippo is a moron. Who makes up the top 1%. Who pay all the taxes? Zippo the moron has no clue. Why, it would be doctors, small business people, etc. The top 1% is around 1.5 million people. And last time I looked there are not that many super rich, who aren’t affected by tax rates in any event, because they fund their lifestyles by borrowing against their assets or via dividends – and aren’t affected by marginal income tax rates. And who makes up the top 10%? Same folks.
But he says he isn’t talking about them. At the same time he says they are the parasite class. Those folks are the vast majority of the top 1% and 10%. And they pay far beyond what is their fair shar. I imagine zippo is in that 40% that pays nothing.
Oh, ok…
not exactly about this topic but since it is irs related i will put it here —
journalist matt taibbi (the twitter files)was paid a visit by an irs agent at his new jersey home the same day that he testified to the senate about the weaponization of the fed govt —
https://www.blacklistednews.com/article/84341/the-irs-makes-a-strange-house-call-on-matt.html
I understand that taxation is a necessary cost of a modern society and fairness is in the eye of the payer not the receiver !
A flat tax on all sources of income no deductions no loopholes .
One payment you make quarterly no employer withholding . Four times per year you mail a check and your done no property taxes no state taxes .
Now the IRS does the job of splitting up the payment to the perspective state .
Governments Local State and Federal will budget accordingly no debt issues live within the means or do without .
Welcome to reality !
Never in a million years will they stop making employers send the tax in. Never. Can you imagine how many tens of millions of taxpayers that won’t send in their quarterly payment? It would take millions of IRS agents to chase the non-payers.
Re flat tax, sure! It would eliminate the need for accountants. Tax lawyers would get a big hit. Etc. And it would be fair. So, what I am saying is that it also will never happen.
I have said for years to eliminate all corporate income taxes. It would immediately do away with lobbying for tax breaks. It would immediately do away with untold numbers of accountants and lawyers. It would do away with tens of thousands of IRS agents. The benefits are endless. Instead, implement a sales tax on everything sold. And implement a flat tax if you must. But a sales tax could cover it. No more IRS for the most part. No more hundreds of millions of hours filling in tax forms. No more tax lawyers and accountants. The societal benefits would be enormous.
So, it too will never happen.
I think you can use the old 80/20 rule. 20% 0f the people pay 80% of the taxes.