kyzr
Diamond Member
So what? It's not about how much tax you pay, its about how much you get to keep. Living on $40,000 a year is a lot different than $300,000 a year. One percent more tax won't be noticed. We need to reduce the debt or the dollar won't be worth anything. DO YOU COMPREHEND THAT? THE DOLLAR WON'T BE WON'T BE WORTH ANYTHING UNLESS WE STOP BORROWING.So you should then according to this data be taxing the groups that are paying less than
DO YOU comprehend that?
- In 2021, taxpayers filed 153.6 million tax returns, reported earning more than $14.7 trillion in adjusted gross income (AGI), and paid nearly $2.2 trillion in individual income taxes.
- The average income tax rate in 2021 was 14.9 percent. The top 1 percent of taxpayers paid a 25.9 percent average rate, nearly eight times higher than the 3.3 percent average rate paid by the bottom half of taxpayers.
- The top 1 percent’s income share rose from 22.2 percent in 2020 to 26.3 percent in 2021 and its share of federal income taxes paid rose from 42.3 percent to 45.8 percent.
- The top 50 percent of all taxpayers paid 97.7 percent of all federal individual income taxes, while the bottom 50 percent paid the remaining 2.3 percent.
97.7 % was paid by 50% of all taxpayers
WHILE. the bottom 50% paid just 2.3%!!!