Here is the challenge and it is based on next year's budget.
You need to raise about $2.4T in personal income taxes just to be $2.0T short of next year's expenses (Trump's plan) in a way that allows people to also live a life.
How do you raise your $2.4T from income taxes between the two halves of earners? Bottom half and top half.
Today we get 98% from the top 50% as it is circled in red on the chart to the right but as you can see they earn almost all the income and certainly 100% of the discretionary income after you put bare bones living expenses against $23k vs 137k.
What is "fair" to you?
I predict a long line of right-wingers suggesting we take $200B from people making $23K still leaving a $1.6T deficit without regard to how one would live. But maybe they will surprise me with some thoughtful reflection on income tax burdens and living with low means.
GO!
Trump 2026 Budget
$7T in Expenses
$2.4T of Income Tax
$1.7T of Payroll Tax
$0.5T of Corporate Tax
$0.5T of Excise and Tariffs
$5.2T of Revenue
$1.8T Deficit
taxpolicycenter.org
You need to raise about $2.4T in personal income taxes just to be $2.0T short of next year's expenses (Trump's plan) in a way that allows people to also live a life.
How do you raise your $2.4T from income taxes between the two halves of earners? Bottom half and top half.
Today we get 98% from the top 50% as it is circled in red on the chart to the right but as you can see they earn almost all the income and certainly 100% of the discretionary income after you put bare bones living expenses against $23k vs 137k.
What is "fair" to you?
I predict a long line of right-wingers suggesting we take $200B from people making $23K still leaving a $1.6T deficit without regard to how one would live. But maybe they will surprise me with some thoughtful reflection on income tax burdens and living with low means.
GO!
Trump 2026 Budget
$7T in Expenses
$2.4T of Income Tax
$1.7T of Payroll Tax
$0.5T of Corporate Tax
$0.5T of Excise and Tariffs
$5.2T of Revenue
$1.8T Deficit
