Meanwhile, released Trump tax returns show he pays less taxes per year than I pay in taxes per month, while many, many mega corporations also pay $0 per year in their own taxes.
According to a study by the Whitehouse and OMB in 2021, found that billionaires between 2010 and 2018 on average were taxed at a rate of 8.2%. The average American paid income taxes at a rate of 13.3%.
People like Jeff Bezos, Carl Icahn, George Soros, Michael Bloomberg and Elon Musk have paid $0 in federal income taxes before. Also in the same article it claims that although the 25 richest Americans paid a significant sum of $13.6bn in federal income taxes in 5 years, the tax rate was only at 3.5%.
Combine that with the common sense answer that the US income tax law is very, very complicated in order to give the rich a lot of ways to minimize paying income tax instead of having a simple income tax law that would just automatically be taken care of and everyone could easily just know how much is owed and you’ll see anyone that says the ‘socialists’ are trying to take ‘all of the rich’s money in a redistribution of wealth scheme’ is either very ignorant on the subject or just plain dishonest.
Speaking of Fox News we already know their track record and we know their viewers are interested in an echo chamber instead of honesty anyway. Even when one of their heroes calls them ‘especially dumb cousin fucking terrorists’ they love him even more for it.
This is from the game Democratic Socialism Simulator. It’s a fun game and I recommend you give it a try.
A culture of emberrassed wanna-be millionaires
Wouldn’t actual Fox News deal with the availability of small rodents or something similar?
Cleveland used to be so cool before it became a millionaire.
Now it leaves me on read.