I maintained years ago and still do our greatest threat is our debt

[gipper]

Key Findings​

• In 2019, taxpayers filed 148.3 million tax returns, reported earning nearly $11.9 trillion in adjusted gross income, and paid $1.6 trillion in individual income taxes.
• The top 1 percent of taxpayers paid a 25.6 percent average individual income tax rate, which is more than seven times higher than taxpayers in the bottom 50 percent (3.5 percent).
• The share of reported income earned by the top 1 percent of taxpayers fell to 20.1 percent from 20.9 percent in 2018. The top 1 percent’s share of federal individual income taxes paid fell to 38.8 percent from 40.1 percent.
• The top 50 percent of all taxpayers paid 97 percent of all individual income taxes, while the bottom 50 percent paid the remaining 3 percent.
• The top 1 percent paid a greater share of individual income taxes (38.8 percent) than the bottom 90 percent combined (29.2 percent).

Summary of the Latest Federal Income Tax Data, 2023 Update

The latest IRS data shows that the U.S. federal individual income tax continued to be progressive, borne primarily by the highest income earners.

taxfoundation.org

My point still stands. Billionaires and many of our biggest corporations pay little in income taxes. You can try to misrepresent my point, but you’re not smart enough to succeed.

 

[Ray From Cleveland]

My point still stands. Billionaires and many of our biggest corporations pay little in income taxes. You can try to misrepresent my point, but you’re not smart enough to succeed.

Smart enough to post evidence that you are FOS. You may find cases where a few get their money from tax-free investments, capital gains, or in case of businesses enough to write-off where they don't pay tax, but those are anomalies and not the general population of the wealthy in our country. They pay the most in federal income tax and nearly half our population pays nothing. If we need more money, it's time for them to pay (as you people put it) their fair share.