When will the rich pay their fair share is a rallying cry for those who are often paying no share whatsoever. One of my Florida relatives who hasn't worked in years loves telling me how "In Florida, these rich corporations don't even pay taxes!"61% Of Americans Paid No Income Tax In 2020: Report
While the number of Americans receiving some form of government assistance steadily expanded during the COVID-19 pandemic, the number of people paying taxes fell to a modern low.
In 2020, 61% of all Americans — an estimated 107 million U.S. citizens — paid no taxes, according to a new report from the Tax Policy Center.
The ranks of U.S. non-taxpayers swelled by 40% thanks to a number of factors unique to last year, according to the report’s analysis.
COVID-19 lockdowns put an estimated 25 million Americans out of work, reducing their annual income — and, with it, their income tax liability.
The federal government issued three rounds of stimulus checks totaling a maximum of $1,200, $600, and $1,400 per person, respectively. The government distributed these checks as refundable tax credits, which reduce the recipient’s total tax liability; they also allow those who owe no taxes to receive government funds, anyway. Politicians also expanded the Child Tax Credit, the Earned Income Tax Credit, and tax credits for childcare; each step removed millions more from the tax rolls.
The latest report undermines the popular but mistaken notion that the wealthy shirk their share of funding the government. President Joe Biden won a standing ovation from the Democratic side of the chamber at the most recent State of the Union address when he said, “It’s time for corporate America and the wealthiest 1% of Americans to, just, begin to pay their fair share.”
The most recent IRS data from 2018 show that the top 1% of income earners paid more in federal income taxes than the bottom 90% percent of U.S. income earners combined.
Under our progressive income tax system, the top 1% paid 40% of all federal income taxes; the top 10% paid 71% percent of all income taxes, and the bottom half of taxpayers paid less than 3% of all U.S. income taxes....
https://www.dailywire.com/news/61-of-am ... 020-report
To which I respond - "Neither do you - and at least the corporations give people jobs, how many people do you employ?"
... and that's why I'm the black sheep/proud boy/white supremacist/Q-Anon/Alt-Right/Nazi of the family, I suppose.
I question people who produce nothing constantly tearing down those who actually do things.
These folks never get mad about people taking more than their "fair share" of their neighbors tax money tho.
So weird.
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