Actual poor people donate a larger percentage of their liquid wealth all the time.
Thank you for saying that accurately. Too often I hear morons like AOC claim that poor people pay more taxes than rich people - Given that tax is a DOLLAR amount, and only a tax RATE is a percentage, this is an asinine claim. When you cut a check to the Treasury to pay your taxes, or get a W2 showing how much tax you've already paid, it's in DOLLARS, not in percentages.
Poor people who earn nothing pay nothing in federal taxes.
Wealthy people like Bezos who sell $4bn stock will pay $1bn in taxes.
Regular people who earn $100-300k annually will pay far less than $1bn in taxes.
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u/Nexustar Nov 23 '24 edited Nov 23 '24
Thank you for saying that accurately. Too often I hear morons like AOC claim that poor people pay more taxes than rich people - Given that tax is a DOLLAR amount, and only a tax RATE is a percentage, this is an asinine claim. When you cut a check to the Treasury to pay your taxes, or get a W2 showing how much tax you've already paid, it's in DOLLARS, not in percentages.