r/PoursTea • u/Veshaad Timendi Causa Est Nescire • 4h ago

FinancialTea 💵 Precisely this...

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u/RansomBeckwith 3h ago

Everybody from this lowly minion to the richest man on the planets knows taxes are a sewer hole of theft and corruption.

Everyone with a wit of sense avoids any taxes they don't have to pay.

Just for clarity. The top 1% currently pay 40.4% of all federal income taxes. Fact.

The bottom 50% of earners pay 3% of all federal income taxes. Fact

Paying or not paying taxes isn't the crux of the issue. Fraud, theft and outright corruption on every level of government is the real place the rubber meets the road.

Stop the theft, fraud and corruption and taxes can be reduced on every level.

Thank you. God bless.

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u/Due-Explanation-7560 3h ago edited 2h ago

Percentage of income tax paid into system not percentage taken out of pay just to be clear. 37% of your income, not including deductions when making over 660k sure hurts a lot less than 10% of someone making 12k Not to mention the 1% holds most of their wealth in assets, not income so their true wealth comes from stocks, property and other assets that they have a letiny of ways to avoid tax on, like taking low interest loans out to purchase more assets to increase their wealth without have to sell these assets avoiding capital gains tax.