Forum Discussion
JRscooby
Aug 04, 2019Explorer II
Charlie D. wrote:
From the tax foundation: "In 2016, the top 50 percent of all taxpayers paid 97 percent of all individual income taxes, while the bottom 50 percent paid the remaining 3 percent. The top 1 percent paid a greater share of individual income taxes (37.3 percent) than the bottom 90 percent combined (30.5 percent).Nov 13, 2018"
Well, I bet if until the year 2011, when I retired, if the top 10% of highest income paid the same percentage of their income in taxes as I did, the budgets would look much different.
It is the people that make enough to buy everything they need, and some of what they want, and do it with time left over to enjoy what the have that makes the economy grow. Take a many that has enough to buy anything he wants, and give him more. He is not going to buy more things people make, he has everything. And the only service he will add to what he already buys is he will buy a politician, and ads to convince voters they should pay more taxes, or go without the best government services, but he pays enough...
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