this post was submitted on 01 Sep 2023
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The avg American pays ~40% of their earned income to taxes either through income tax or all the other taxes that are payed day to day
Yes...the average American pays ~40% of their income in taxes. The uber rich Americans pay much much less, if anything at all.
The magical world where wealth accumulation isn't income because reasons.
Because thw ealthy make the rules.
The rich dont because for decades conservatives successfully convinced half the population that if we feed the rich some more oats, itll trickle down to the rest of us. Well guess what? The only thing that trickles down from an overfed horse is piss and horseshit.