Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

former9thward

(33,424 posts)

15. People love to complain about our tax system but it is pretty progressive,

Reply to JHB (Reply #11)

Thu Jan 2, 2020, 03:55 PM

Jan 2020

The top 3% of taxpayers paid the majority of income taxes. The top 1409 taxpayers paid more tax than the bottom 70 million. The problem with all the people who say it is not progressive is that they never offer any actual facts for their arguments. Just allegations and internet rumors.

The average tax rate for the top 1% 26.9%
top 5% 23.5
top 10% 21.2
top 25 17.8
top 50 15.6
bottom 50 3.7

Now I know that won't make the people happy who want all the assets of the rich seized. But that is not what most Democrats want.

https://www.bloomberg.com/news/articles/2018-10-14/top-3-of-u-s-taxpayers-paid-majority-of-income-taxes-in-2016

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

17 replies

= new reply since forum marked as read

Highlight:

The IRS Just Released New 2020 Tax Brackets. Here's What They Mean. [View all] mfcorey1 Jan 2020 OP

Thanks. lunatica Jan 2020 #1

We have more than 2 children, we got royally screwed last tax season uponit7771 Jan 2020 #2

How did having more than 2 children royally screw you last year?!?! I have 3 kids... cbdo2007 Jan 2020 #12

The increase in child credit was less than standard deduction for five people uponit7771 Jan 2020 #13

Thanks for posting Sherman A1 Jan 2020 #3

"The United States has a progressive tax system." progressoid Jan 2020 #4

Technically, but #7 below proves your point JHB Jan 2020 #8

You really want to compare the 1920s to a hundred years later? former9thward Jan 2020 #10

Yes I do, because I'm comparing progressivity, not the rates themselves JHB Jan 2020 #11

People love to complain about our tax system but it is pretty progressive, former9thward Jan 2020 #15

The article has a good explanation of Marginal vs. Effective Tax Rate. klook Jan 2020 #5

I am a payroll admin Freddie Jan 2020 #6

No, the tax rates did not go up. former9thward Jan 2020 #16

Historical comparison on where the brackets lay... JHB Jan 2020 #7

Funny how I'm not making more money yet I'm somehow higher on the tax bracket ck4829 Jan 2020 #9

Looks like I still don't make enough to pay any income tax. Woot! Woot! Kaleva Jan 2020 #14

Is it official to delay paying IRS by July 15? at140 Mar 2020 #17