Originally posted by: RustyTruck
Trump's tax cuts helped billionaires pay less than the working class for first time
Economists calculate richest 400 families in US paid an average tax rate of 23% while the bottom half of households paid a rate of 24.2%
Thanks to the controversial tax package the top 0.1% of US households were granted a 2.5% tax cut that pushed their rate below that of the lower 50% of US earners.
Taxes on the rich have been falling for decades. In 1960 the 400 richest families paid as much as 56% in taxes, by 1980 the rate had fallen to 40%. But Trump's tax cuts - his most significant legislative victory - proved a tipping point.
...But the tax cuts have not led to a significant uptick in economic growth, hiring has slowed and wage growth has remained lackluster. In the meantime the national deficit has swollen to $1tn.
http://www.theguardian.com/bus...-billionaires-pay-less
A lie. Cumulatively, the bottom 47% pay no federal income taxes. The bottom 50% who earn 12.75% of total earnings only pay 2.7% in total taxes. The rich pay a higher share than their numbers. The top 1% of tax payers pay 38% of all income taxes yet only have a 20% share of total income.
These people are liars. Kill off the rich and we all suffer. And the only rich left will be the Bidens of the world, who steal from us.
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I :heart; Q
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10/11/2019 10:24 AM
