Politicians on the Left portray the rich in America as a bunch of freeloaders who don't pay their fair share of taxes.
Third-and this is the crux of the matter-the rich already pay a disproportionate share of federal taxes.
Based on the government forecasters' estimates, those earning a million dollars or more in 2024 will pay an average of about $776,800 in federal income taxes, about 475 times as much as the average American taking home between $50,000 and $100,000.
However you look at it, the rich directly pay a huge share of federal income taxes.
If every household paid an equal share of taxes, each household would be on the hook for more than $7,500 in additional taxes for each trillion dollars of new federal spending.
The "Pay your fair share" malarkey is a diversion meant to distract Americans from seeing just how big of a share the federal government is taking out of the economy.
Tax distribution charts show that the rich pay a disproportionate amount of federal taxes, but they don't show how much of the economic fallout of excess taxes and spending ultimately lands on the middle class.
https://www.dailysignal.com/2024/06/26/heres-the-truth-about-the-pay-your-fair-share-malarkey/
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