Quote:
Originally Posted by dyna mo
it states in the OP article that::::::
Rich people pay nearly 87% of all federal individual income tax in America
Income level Share of total federal individual income tax paid Average income tax bill per person
Lowest 20% -2.2% -$643
Second lowest 20% -1.7% -$621
Middle Income 4.2% $1,743
Second richest 20% 12.9% $6,285
Richest 20% 86.8% $50,176
Source: Tax Policy Center
45% of Americans pay no federal income tax |
There are two ways of looking at this. Those coloured Yellow don't have a good enough wage to pay any taxes. Probably a strain on the rest.
The Blue ones break even on tax and costs to the country.
So it's only the top percentile who earn enough to contribute.
Now think of the Yellow only being the bottom 20%. The rest are in jobs that pay well enough to take them out of relying on other and up to contributors. This is what happens when a country removes jobs making products for export and replaces them with jobs flipping burgers. The only proviso is the jobs have to be provided by Capitalism.
Yes, iPhones will be too expensive to replace every time they release a new model.
Compare those percentiles before 1990.
People employed means diddly it's the wages that matter.