yank 15 million people out of the economy who buy the shit you and I buy and you cant even begin to spell debt ... or do you spell it deficit..
this is the season of stupid
Should the top 1% just STOP working and paying taxes for 1 year, the economy would be on it's knees....should the top 10% NOT work for a year, thus not pay taxes, the nation would collapse.
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"The top 10 percent pays 53.3 percent of all federal taxes. When looking at just federal income taxes, they pay 68 percent of the burden. The top 1 percent pays 24 percent of all federal taxes compared to 35 percent of all federal income taxes."
LINK: How Much Do the Top 1 Percent Pay of All Taxes?
LINK: Top 10 Percent of Earners Paid 68 Percent of Federal Income Taxes
Good point! Except the VAST majority of the top 1% have become that as 80% of wealthy made it on their own and as such probably still do as you do,
work.
explaining the national debt to RW's is like trying to explain quantum physics to 1st graders
So where are YOUR facts regarding the national debt?
How about these FACTS regarding the national debt that obviously liberals/FFOs/Progressives seem to be oblivious to how the government is funded!
Here is where the trillions come and go..
United States federal budget - Wikipedia, the free encyclopedia
View attachment 54653
View attachment 54654
So while $3,021,000,000,000 came in:
amount out : $3,603,100,000,000 went out!
Deficit more money out then going in: $581 billion more went out then came in.
So how did the government pay out $581 billion?
They issued US bonds for another $581 billion adding to the following figures.
Here's Who We Owe That $17 Trillion Of Government Debt To
Who We Owe $17 Trillion Of Federal Debt To - Business Insider
View attachment 54655
So how complicated is that for you FFOs,liberals to understand?