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685327592 t1_iv206tu wrote

Reply to comment by 40for60 in [OC] Forbes 2022's Most Philanthropic US Billionaires by row64software

Most people don't pay much because they don't make much. Your numbers include people in school and retired. Working class people are paying taxes.

PS you still don't seem to understand that top earners and top taxpayers are totally different. The people paying high taxes are W2 earners like athletes and movie stars. People whose money is coming from stocks pay far less or even zero.

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40for60 t1_iv21vq3 wrote

It includes people who have filed a tax return and also this number is skewed against the top earners because "Readers should note the IRS dataset excludes the refundable portion of tax credits such as the earned income tax credit, which means the IRS data overstates the tax rate paid by taxpayers at the bottom.".

I do understand it, better then you do.

The US tax polices are some of the most progressive in the world and although we don't have some of the same exact social programs some of the Europeans have we also don't have the regressive consumption taxes they have to fund them. The income taxes and corporate taxes are mostly in line with Europe.

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