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Response to panader0 (Reply #3)

Mon Mar 8, 2021, 02:32 PM

5. Probably should have said "top 25%," but here are sources. I know some of these tend GOPer, but

it's difficult to discuss tax policy when people don't believe the facts. And, No, I do not support reducing taxes for higher incomes. I do support a robust Estate Tax system, increase in Capital Gains tax rates and corporate rates, etc.




Other sources (I know this chart won't come out right in the little white box, but you can look it up):

Income Category 2017 AGI Percent of All Income Percent of Income Taxes Paid
Top 1% Over $515,371 21.0% 38.5%
Top 5% Over $208,053 36.5% 59.1%
Top 10% Over $145,135 47.7% 70.1%
Top 25%Over $83,682 69.1% 86.1%
Top 50% Over $41,740 88.8% 96.9%
Bottom 50% Below $41,740 11.3% 3.1%
Source: Internal Revenue Service data

https://www.kiplinger.com/article/taxes/t054-c000-s001-how-you-rank-as-a-taxpayer.html

https://www.wsj.com/articles/top-20-of-americans-will-pay-87-of-income-tax-1523007001

https://taxfoundation.org/summary-of-the-latest-federal-income-tax-data-2020-update/

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



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soothsayer Mar 2021 OP
Hoyt Mar 2021 #1
panader0 Mar 2021 #3
soothsayer Mar 2021 #4
LineLineLineNew Reply Probably should have said "top 25%," but here are sources. I know some of these tend GOPer, but
Hoyt Mar 2021 #5
panader0 Mar 2021 #2
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