LIAR—Nothing more to see here-—just eat your peas.
Internal Revenue Service data show that families with incomes of $50,000 to $100,000 pay an average 8.9% in income taxes, while those with incomes of more than $1 million pay 23%.
Notice the word “families” and the total absence of the Social Security taxes (based on gross income instead of adjusted income) and the fact that there is an upper limit on SS taxation that is under 100,000 dollars. Make more than that, you don’t have to pay any more than the limit.
This propaganda does not address a single person making the same amount of money and the horrible taxation incurred. I know because I am single and earn a comfortable income.
On the average working American the taxes are based on gross income and attached SS costs go with that. The rich are taxed on net income (mainly investment income) and no SS taxes are accessed due to the fact that the income was not derived from labor. Worse yet, they get enormous tax breaks the average American finds impossible to get.
It’s a game in which the government sets the rules and appeases those who can afford it.
I’m tired of this game and hope and wish that eventually every American, regardless as to their marital status or special perks from being rich and influential, pay EXACTLY the same rate as anyone else with exception.
The only way to do that is by way of a consumption (sales) tax without any exceptions.