Yes, billionaires pay a lower tax rate than they should. But how the hell did this study come up with the average tax rate for Americans is 30%? You have to be making $191,000 a year to even hit a bracket that is over 30% and that’s before you even factor in deductions. Nobody making less than 100,000 is even paying 20% in federal income taxes after the standard deduction.
Someone making hundred grand a year will pay $17053 in federal taxes before the standard deduction
TheoDubsWashington on
New study? I’d like to live in whatever rock you live under good sir.
5 Comments
What ground breaking news! /s
To the surprise of absolutely nobody.
Yes, billionaires pay a lower tax rate than they should. But how the hell did this study come up with the average tax rate for Americans is 30%? You have to be making $191,000 a year to even hit a bracket that is over 30% and that’s before you even factor in deductions. Nobody making less than 100,000 is even paying 20% in federal income taxes after the standard deduction.
Someone making hundred grand a year will pay $17053 in federal taxes before the standard deduction
New study? I’d like to live in whatever rock you live under good sir.
No way…
