What are the chances that the bottom half of the US earners pay 0 taxes in our lifetime? Given they pay less than 5% of all taxes and a lot of Trump’s campaign relied to gettinf rid of X amount of taxes, is that every a possibility or just a fantasy?

likefunny
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Do you mean fed + state + local taxes or just federal? If the latter, we're pretty much there already. If the former, DC has no input or control over those levels of taxation.

like

Per the latest data I've seen, 2022, the bottom 50% of federal taxpayers had an average federal income tax rate of 3.74% and paid 3% of total federal income tax.

That's not all that far off from the bottom 50% not paying federal income tax.

It’s troubling when most people don’t contribute. There’s a reason fraud and debt are going up - most people just don’t see it as their responsibility anymore.

likesmart

You shouldn’t pay attention to any of Trump’s campaign promises beyond accruing more power, enriching already wealthy people, and further entrenching GOP structural advantages. Anything he offered that might actually improve the lives of regular people was simply jangling keys to distract voters who lack the intellect and object permanence to make informed decisions.

funny

Communism won. e.g. envy and corruption.

funny

As long as we tax corporations, they will pass it on to people who purchase their products & services - it's simple economics, as much as I wish it were otherwise. Sales taxes & local taxes also apply to purchases that everyone makes.

People always tunnel vision on federal income taxes and forget that our governments take money from us in a WIDE variety of ways.

smart

What????

So… you believe Trump’s campaign promises?

Please tell you you work for another company

Trump is an idiot and has broken all his campaign promises thus far…

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