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Old 04-29-2023, 07:00 PM
OrangeBlossomBaby OrangeBlossomBaby is offline
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Originally Posted by golfing eagles View Post
Just what "tax break" would that be????

The top 1% of earners paid 40% of all income tax collected in 2018

The top 10% paid 68%

and the top 53% paid 100% of all income tax

So maybe those "ordinary workers" can climb the ladder and start paying THEIR "fair share"
Well then let's go the other way around. The lowest income that actually pays tax, is taxed at an 18% rate. That lowest income gets the standard deduction, because they don't earn enough to itemize.

Let's apply that to ALL income earners. EVERYONE pays 18%, and none of them get to itemize. Standard deduction only.

I'm okay with that.