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https://www.azquotes.com/quote/680201

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[–] • 0 pt

This is wrong.

The bottom 3 quintiles of income earners are an average net-negative tax contributor in the US. I did the math, myself. The gap only got wider when I redid the numbers for 2020 tax data (the original work I did was for 2015 tax data).

Only the top 2 quintiles of income earners are net positive tax contributors.

So this is the American Rich giving to the Rich of other countries.

Unless you make over $85K a year, you're likely a net negative tax contributor.

https://www.taxpolicycenter.org/statistics/household-income-quintiles

[–] • 1 pt

Interesting. Are indirect/excise taxes included in those calculations? VAT? Not too great with tax structure where I live, let alone the US.

[–] • 0 pt

Yes. Since I got it from this site, they included it. The excise taxes, at the federal level, accounted for only 3% of the federal tax revenue.

https://taxfoundation.org/excise-taxes-excise-tax-trends/

This analysis did not include local/state taxes. Only federal taxes.

[–] • 1 pt

True but don't forget everyone pays the inflation tax an equal share of their wealth.

[–] • 0 pt

Appreciate your input. Another person pointed out the excise taxes folks pay, too (we pay federal taxes on things like gasoline and imports).