Comments by "" (@jmitterii2) on "Do the Rich Pay Their Fair Share? | 5 Minute Video" video.
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Top ten get 43% of all income, that means 57% of what income is left is trickled pissed on 90% of the remaining population.
And just because 71% of the revenue of taxes come from the top 10%, the 90% are stuck with a very diluted distribution of the available 57% of the national income. How else would you expect the rest of the 90% of the population to be able to pay more of the income?
Thanks for showing us more data that it is indeed fair that the more income you get the more in taxes you can afford to pay, and the more taxes you ought to pay, because you can't get much out of the rest of the 90% of the population with income distribution that skewed, and don't get started on how skewed the wealth distribution.
Now show us how effective taxes have decreased in higher income earners as well as businesses over the past 50 years, and how many use carry over interest tax loop holes as well as making most of their money on passive income that has a much lower tax rate: no payroll taxes, and lower highest bracket taxes currently 20% highest bracket after income above $406,750 for singles or $457,600 for married joint-filing couples.
So yes, higher income earners fair share should always be higher, and the actual effective tax rate decline and rise in income disparity as well as flat real incomes and in some cases fallen incomes for the other 90% demonstrate allowing higher income earners to pay less causes a deflationary recession economy.
Thanks.
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