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-18 points

The top 1% pays 42% of taxes.

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31 points
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They pay 42% of INCOME taxes, which are only 40% of the annual federal tax receipts. Which means their income tax only amounts to about 17% of the overall tax receipts. Their FICA contributions are capped and they pay no FICA on anything over about $140,000. FICA tax accounts for 25% of overall federal tax receipts. The majority of remaining tax receipts are consumption taxes and property taxes, both of which are regressive and impact lower income citizens more.

https://taxfoundation.org/data/all/federal/us-tax-revenue-by-tax-type-2020/

https://www.bench.co/blog/tax-tips/fica-tax

https://www.investopedia.com/terms/r/regressivetax.asp

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-9 points

Fair correction. So, you’re saying they do pay taxes?

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3 points

Keep shifting the goalposts. That’s how you win, right? How’s that boot leather taste?

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-3 points

That’s the truth, 110%.

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Work Reform

!workreform@lemmy.world

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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

Our Philosophies:

  • All workers must be paid a living wage for their labor.
  • Income inequality is the main cause of lower living standards.
  • Workers must join together and fight back for what is rightfully theirs.
  • We must not be divided and conquered. Workers gain the most when they focus on unifying issues.

Our Goals

  • Higher wages for underpaid workers.
  • Better worker representation, including but not limited to unions.
  • Better and fewer working hours.
  • Stimulating a massive wave of worker organizing in the United States and beyond.
  • Organizing and supporting political causes and campaigns that put workers first.

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