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That is poor understanding. Taxes are from income not from wealth so it is not a redistribution of wealth like in socialism.
No it shouldn’t. The government can not fix income inequality. Heck, we don’t even have a working government right now.
The US does not have a socialist government. Moral high ground? Doubt it.
America has traditionally believed in opportunity and despite our past shortcomings, it is a valid & best way for us. Europe leftists trace their motivations to the French Revolution & the guillotine.
It's not like the billionaires were paying taxes in the first place.
In 2022 the top 1% paid 22.4% of all income taxes paid and the top 50% paid 97% of all income taxes. So yes they are paying taxes.
taxfoundation.org
There are a lot of 1%ers that aren't billionaires. About 300,000 1%ers or so in California alone.In 2022 the top 1% paid 22.4% of all income taxes paid and the top 50% paid 97% of all income taxes. So yes they are paying taxes.
Summary of the Latest Federal Income Tax Data, 2025 Update
New IRS data shows the US federal income tax system continues to be progressive as high-income taxpayers pay the highest average income tax rates. Average tax rates for all income groups remain lower after the Tax Cuts and Jobs Act (TCJA).
No, what it says is that the billionaires are a very tiny proportion of the 1%ers, so you statistic about how much federal tax 1%ers pay tells us nothing about how much billionaires pay in California taxes.
They might be a small percentage of the 1% but the 1% in total pay a quarter of the taxes. Can you quantify your assertions that they don’t pay taxes? So far you have no evidence to support your premise,
The 1% are irrelevant. They are not billionaires.
I KNOW that. You've been quoting how much tax they HAVE BEEN paying, not how much they are avoiding.
So feel free to present how much tax they are avoiding! Stop whining and crying about what I post - prove me wrong.
Show me where I have ONE time I have said anything about how much tax they are paying.
A portion of the 1% are billionaires. Do you disagree?
Income taxes come from income not from wealth. The link you posted lists the “true” tax rate based on wealth growth not on income. Tax laws in the US are based on income not on wealth or wealth growth.
I'm not their tax accountant or any accountant. (And to avoid replying to yet another post. You MAGAs all look alike.)
