Quote:
Originally Posted by Wondering
......... My comment is about your "statement" about government giving to someone by taking it away from someone else - really! We all pay taxes, except for the billionaires. Our taxes are used for a number of purposes to help the country as a whole.
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Want to bet? How about this------you pay the taxes of the average billionaire and they'll be happy to pay yours. After all, most of them pay more taxes in 1 year than you earned in a lifetime.
The average billionaire paid 8.2% of their income in federal income tax, which is criticized as "low". But much of their income is in capital gains, and many of their deductions related to venture capital, which produces jobs for the rest of us. So, let's say a billionaire earns $100 million in a year---that's $8,200,000 in tax----more than the average lifetime earning of most of us. So much for the "fair share' idiocy.
Also, the top 1% of income earners, those over $540,000/year earn 21% of all income but pay 40% of all income tax---how is that
fair??????