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Old 04-29-2023, 08:21 PM
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Originally Posted by OrangeBlossomBaby View Post
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.
You mean the lowest income that actually pays income tax, since the lowest 47% PAY NOTHING

And the 47.1th percentile actually pays closer to 6% on average, depending on kids/age, etc