Not so fast, bitch!
3 out of 5 income quintiles are net negative tax contributors. This was BEFORE the stimulus.
To be in the 4th quintile, starting, your household income has to be $141,110 a year.
https://www.taxpolicycenter.org/statistics/household-income-quintiles
What does this mean? Those folks who paid those taxes, 3/5 of those people had more government benefits than they paid into taxes. What does that mean? It means that of that $1.4 trillion in income taxes, all of it was paid by the top two quintile income earners.
So what does this do to the point that bitch is trying to make in the tweet? Makes it stupid. It's a bunch of people, who are already net negative tax contributors, getting more money in the form of stimulus checks.
I'm opposed to the stimulus checks to the businesses, don't get me wrong. Let the fail. Seriously. Fail. The assets don't disappear. But don't act like all the American people paid all those taxes. IN FACT, the people eligible for the stimulus checks were ALL in the bottom 3 quintiles! The stimulus checks had a cap to them. hahaha
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