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re: NYT is trying to claim the 400 wealthiest Americans paid lower tax rate than bottom 50%

Posted on 5/16/24 at 6:55 pm to
Posted by Bass Tiger
Member since Oct 2014
46489 posts
Posted on 5/16/24 at 6:55 pm to
quote:

Liberals eat this shite up.


They honestly think if you earn $1 you pay more than someone making over $400k



I'm guessing they are talking as a percentage of total income.

A household making $100k may be paying a larger tax burden as a percentage of their income than a household making over $1 million annually.

If you take the total taxes on payroll, real estate and personal property, gasoline, food, etc. paid by a household making $100k/year and compare that to a household making $1 million/year the household making $100k is likely paying more in taxes as a percentage of their annual income vs a household making $1 million/year.
This post was edited on 5/16/24 at 7:01 pm
Posted by LSUGrrrl
Frisco, TX
Member since Jul 2007
33393 posts
Posted on 5/16/24 at 6:57 pm to
Those households are paying more than 40% before payroll, real estate and personal property, gasoline, food, etc.? Bc the $1M households do plus they pay more in all the other categories.
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