Coronavirus

[goducks]

Food for thought.
https://www.whitehouse.senate.gov/im...c/116-0849.pdf

[RetiredOne]

Originally Posted by goducks

Food for thought.
https://www.whitehouse.senate.gov/im...c/116-0849.pdf

Wait, are you saying the people with the highest incomes pay the majority of the tax liability in the country?

Wow, here's my shocked face!

[goducks]

Originally Posted by RetiredOne

Wait, are you saying the people with the highest incomes pay the majority of the tax liability in the country?

Wow, here's my shocked face!

You got it backwards. 82% of tax benefits (Right column) goes to those making over a million dollars. They got a 70.3 % (Middle column) tax cut. I got a huge .6 reduction.

Try this.
https://www.forbes.com/sites/shaharz.../#7bcea039665b

[gypsmjim]

The same Statistics can be used to support both sides of an argument.

The previous chart merely shows the DIFFERENCE in taxes collected from various wage earner groups based on the tax cut of a few years ago.

The fact still remains that of total tax money collected, the top 1% pays more than the bottom 95% combined.

I dunno what a fair share is. The problem with the tax cut is that less taxes are being collected overall, which is just adding to the national debt.

[goducks]

Originally Posted by gypsmjim

The same Statistics can be used to support both sides of an argument.

The previous chart merely shows the DIFFERENCE in taxes collected from various wage earner groups based on the tax cut of a few years ago.

The fact still remains that of total tax money collected, the top 1% pays more than the bottom 95% combined.

I dunno what a fair share is. The problem with the tax cut is that less taxes are being collected overall, which is just adding to the national debt.

It's not taxes collected it's tax benefits per wage group. Those earning over 1M are getting 82% of the tax benefits from the CARES Act bill.
Maybe thats why at 1st there wasn't going to be any oversight.

[gypsmjim]

Originally Posted by goducks

It's not taxes collected it's tax benefits per wage group. Those earning over 1M are getting 82% of the tax benefits from the CARES Act bill.
Maybe thats why at 1st there wasn't going to be any oversight.

That's what I just said.