Okay moron. You are as dumb as a rock, so let me explain this to you, although I doubt you are bright enough to understand. The super wealthy cap out on payroll taxes. If you earn $1 million, you stop paying payroll taxes after the first $117,000. So someone earning $1 million per year would pay a total or around $9000 with the employer total being another $9000, so we will account for the total $18,000. Now Medicare has no cap, so there is an additional combined 2.9% Medicare tax beyond the $117,000 cap. That amounts to an additional $25,000 approximately. So the person earning $1 million will pay about $43,000 in payroll taxes. That combines his/her contribution along with the employer. That equates to 4.3% of income. Now let's look at the person earning $50,000 per year. They are taxed at the full rate of 15.3% combined, employer and employee contribution. So the person earning $50,000 will pay $7650 or 15.3% of their income.
Now tell me oh smart one, who is paying the higher rate? Is 4.3% less than 15.3%? According to you it is the same. Okay moron. Next.
They both are held at the same 15.3 % for deductions you stupid *****.
Yes the one making the million dollars gets capped out because the amount he pays based on that cut off figure could never be redrawn.
Does it represent less of the total earnings for the million air?? Well of course it does....
Though the taxes paid by the million air represent a smaller portion of the mans total earnings, they still pay more taxes.
You are so ******* stupid, instead of looking at actual taxes paid you want to classify through % of earnings paid in taxes.
In this instance the million air will always pay more taxes because he earns more based on a flat taxation rate.
Of course butthurt, stupid ******* dick suckers use **** me up the ass math like you..................
As for excise taxes, it's the same thing. The wealthy pay a much smaller percentage of their income compared to lower income earners. If I have to draw this out for you also, well then you really are a moron.
Lay it our for me you dick sucking moron shit spewer............
No, let me lay it out for you.
We tried to convey to your ignorant, stupid dick sucking retarded ass.
Excise taxes are
taxes paid when purchases are made on a specific good, such as gasoline.
Excise taxes are often included in the price of the product. There are also
excise taxes on activities, such as on wagering or on highway usage by trucks.Jan 22, 2015
Do you understand that, included in the price, the million air with more money buys more consumables with excise tax on them.
Making the million air paying more excise tax than the poor worker.
Yo really are just totally ******* stupid that you can not realize one can not change whether one pays excise tax or not.
It is included in the price like gasoline, the million air will definitely use more of these products than the poor.
Too stupid to understand that right??
As for overall taxes, Federal Income taxes account for a little over 35% of all tax revenue. Payroll taxes account for a little less than 35% of all tax revenue. Other federal taxes account for approximately 12% of all tax revenue. State and local taxes account for the remaining 18%. Those figures are ballpark but close. You see, there are other taxes besides federal income taxes, you moron.
No stupid corporate taxes account for 35% of all tax income, you keep spouting these figures sans links or statistics.
Get the sand out of your ******* ***** and stop being so ******* stupid!!