Thursday, September 23, 2021

No, the Richest One Percent Don’t Pay 40 Percent of the Taxes.

This article is pure sophistry. 
Especially the totally worthless chart below.
The rich pay far more than their "fair" share of all taxes including all the other taxes. (property/school, state, inheritance, sales, etc).
They don't drag on the system as they send their children to private schools instead of jails and social workers.
They don't fill the courts, stick hospitals with unpaid bills, shoot cops or riot in the streets.
They fund non-profits/charities, hire well-paid employees and spend money on American made products.
Demonizing the wealthy is EXACTLY what Hitler, Stalin, Chaves, Castro, Putin, Xi have done to foment hate and increase political power.
And most of today's America hating elected democrats are following in the footsteps of their socialist/communist/National Socialist comrades.
Read this drivel and realize the same is being spread to our children by our "education" system. 
Educate your children!
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"One of the sad constants of American political debate is that, anytime the tax rate on the rich is to be either raised or lowered, Republicans will repeat a certain statistic. 
To wit, “The Stat” is that the highest-earning one percent of taxpayers pay 40 percent of all income taxes. 
Conservatives consider this fact a dispositive justification either against any proposal to increase taxes on the rich, or in favor of any plan to reduce it. 
Over just the past day, I have seen it circulating — here, here, here, everywhere.
...The Stat is literally true
But it is deeply misleading — so misleading, in fact, that it routinely fools even the people who are citing it into thinking it indicates something other than what it actually means.
...The actual truth about the American tax system is that it is slightly progressive. 
The richest one percent earn about 21 percent of the income and pay 24 percent of the taxes:



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