How come nobody asks this question: Who pays the income taxes for the lowest to highest non-wealthy workers?? Well the answer’s simple. It’s the wealthy businesses, corporations, LLCs, and in general the wealthy. Every dollar paid for income taxes Federal • State•Local plus Medicare, 401 retirement
Billionaires don't get paid a wage, generally. They are paid in stock and take low interest loans off of appreciating assets, none of which is taxed as income. This is besides the fact that places like Florida allow for massive tax breaks as well as other incentives. The game isn't structured for your benefit. That's why it seems unfair.
Not you personally, but some people make no money and receive money from government. And that person receive more money than you pay, dragging your average to negative.
$30000 family of four poverty line $44000 Medicaid Expansion $107739 median wealth per adult $551347 mean wealth per adult Wealth is measured by say bankers such as Credit Suisse, but household income is measured by say SNAP in the Department of Agriculture.
As a not very wealthy person who is tired of hearing the lie constantly mouthed by Dems, it is refreshing to hear the facts on MSM for a change. These guys act like it is a surprise. Considering that they are business reporters, how can this possibly be surprising to them.
Try explaining this to the propogandists on the left. That said; if corporate taxes go away, capital gains should be increased or taxed at the income rates. Also, we will probably need capital reserve limits on corporations to prevent stockpiling of cash although that's not a huge concern.
These numbers don’t even include taxations normal people have to pay for everyday spends like sales tax, property tax etc. if you include how much % of their income on taxes only (sales, property, utilities etc) the middle class pays the most!!
They're not talking about the same thing. He's talking about income, she's talking about what people can afford to pay. Also, if part of your pay came in the form of turnips, the value of the turnips is supposed to count as income in the year received. Stocks and stock options are not. This is patently unfair.
Firstly, she is talking about income too. Secondly, when you sell a stock and make a profit, you do get taxed on that profit. The capital gains tax rate is also progressive, so if you earn more money, you pay a higher capital gains tax rate.
Shallow thinking social justice warriors (progressives, conservatives and undecided fall for the “demonization of the wealthy criticism”. I guess it’s jealousy mixed with moral ambiguity. But unchecked by critical thinking skills.
Do the people saying they pay huge amount of taxes whilst billionaires/millionaires don't actually know how billionaires don't pay taxes ? It is actually available for everyone as long as you can work towards it. What I mean is, its not some illegal scheme or some sort of corrupt or priviledged option only available to them, its actually available to everyone at various different levels of your earning power as long as you know them and how to make it work for you. I think the big issue here is people get worked up about it without knowing how its done. Once you work it out ( lets assume your in the middle class) you can work towards paying less and less tax within a decade or 2. Democracy and capitalism is definitely not fair for the poor BUT it allows the poor with some hard work and some luck to stop being poor and get those financial freedoms everyone dreams of, I think that is what most people find hard to understand. Think of democracy as a ticket with a chance of winning not a ticket that is already a winner. You might think this is bad, but for all those others who don't live in a democracy, they don't even have a ticket. So we, living in a democracy definitely have it better. I think you, seeing your lives being born in a democracy and capitalism as a chance for a good life as opposed to an entitlement for a good life should drastically change your perspective, cause what available to billionaires tax wise has its equaivalants further down and as you work your way up you also have the chance to claim those benefits.
if i many 100K and they take 30% in taxes, i paid 30K in taxes and have 70K left. if you make 1M and they take 20% in taxes, you paid 200K and have 800K left. just make it a flat tax for all. We both pay 20%, problem solved
This year I have experienced more gains than losses in the crypto/stock market, thanks to some knowledge I acquired from my financial advisor. I have managed to flip the market
I totally understand, i have seen this too, but before working with anyone you need to do your research, possibly meet them in person, my financial adviser is Gabriel Alberto William , he is not just a broker, he is a financial adviser that gives advice on any financial matters not just on stocks or crypto
Thet don't have money, they keep investing it back into business which employs workers to build infrastructure, manufacture goods, provide services and many other profit seeking projects.
So you are saying they earn most of their income from capitol gains (23%) and pass through entities (20%) but some how they pay 32% on their income? Give me a break! The math ain’t mathin.’ This report is laughable. Her plan taxes capital gains on individuals with a net worth if $100 million dollars and more. They can afford it and should afford it.
I guess a piece from a liberal news outlet isn't far left enough for it to make sense to you anymore. Are you waiting for The View to make some numbers up and whine about it for you to think it's the truth?
How come nobody asks this question:
Who pays the income taxes for the lowest to highest non-wealthy workers?? Well the answer’s simple. It’s the wealthy businesses, corporations, LLCs, and in general the wealthy. Every dollar paid for income taxes Federal • State•Local plus Medicare, 401 retirement
I never understand these statistics. I have spent most of my working life in the bottom 50% and I have always had to pay income tax.
SAME HERE
Billionaires don't get paid a wage, generally. They are paid in stock and take low interest loans off of appreciating assets, none of which is taxed as income. This is besides the fact that places like Florida allow for massive tax breaks as well as other incentives. The game isn't structured for your benefit. That's why it seems unfair.
Not you personally, but some people make no money and receive money from government. And that person receive more money than you pay, dragging your average to negative.
$30000 family of four poverty line
$44000 Medicaid Expansion
$107739 median wealth per adult
$551347 mean wealth per adult
Wealth is measured by say bankers such as Credit Suisse, but household income is measured by say SNAP in the Department of Agriculture.
You are probably not in the bottom 50%.
The Federal Government spend roughly $6mil per minute. We dont have billionaire problem we've got a federal spending problem.
As a not very wealthy person who is tired of hearing the lie constantly mouthed by Dems, it is refreshing to hear the facts on MSM for a change. These guys act like it is a surprise. Considering that they are business reporters, how can this possibly be surprising to them.
my 2024 tax bill is going to be able to cover a few NVIDIA Blackwell AI Factories for the federal government.
It seems that the bottom 50% need to start paying their fair share.
People who are paid by US tax dollars should be taxed the most, they have the best benefits and above the top 1% out of the entire world in income ❤
NO ONE should have to pay more than 25% federal income tax. Reagan once had the rate down to 28%.
Why should a corporation pay any tax? It’s double taxation
Try explaining this to the propogandists on the left. That said; if corporate taxes go away, capital gains should be increased or taxed at the income rates. Also, we will probably need capital reserve limits on corporations to prevent stockpiling of cash although that's not a huge concern.
Listening to “Kamala” & her minions bellowing in the background is like listening to cancer cells complaining they’re not getting a fair shake!
Wait. A democrat lied? Color me shocked.
Those corporations are the ones creating jobs, not you.
Isn’t becoming wealthy a goal of most people but yet when you don’t make it, you wanna complain
That unrealized tax is bad news. 😢
These numbers don’t even include taxations normal people have to pay for everyday spends like sales tax, property tax etc. if you include how much % of their income on taxes only (sales, property, utilities etc) the middle class pays the most!!
Don’t let her fool you: Firefighters and cops are im the top 5% earners.
No they’re not
Thats what you get when you ask rich mans cronies!!! BS!!!
8% is sickening - I pay an effective tax rate of 18%....
Then why u let her lie her ass off
Why are people so concerned about other peoples money. You should be concerned with how your government is spending it.
Because the federal government is greedy and wants it all.
They're not talking about the same thing. He's talking about income, she's talking about what people can afford to pay. Also, if part of your pay came in the form of turnips, the value of the turnips is supposed to count as income in the year received. Stocks and stock options are not. This is patently unfair.
Firstly, she is talking about income too. Secondly, when you sell a stock and make a profit, you do get taxed on that profit. The capital gains tax rate is also progressive, so if you earn more money, you pay a higher capital gains tax rate.
Biden often saids 8%, but I think it’s closer to 18%.
wealthy; boats, capital gains tax--caveman.
I don’t believe any of these numbers.
Wait, where are the tax rates for income group at 90% - 99%?
Shallow thinking social justice warriors (progressives, conservatives and undecided fall for the “demonization of the wealthy criticism”. I guess it’s jealousy mixed with moral ambiguity. But unchecked by critical thinking skills.
Thank you! Problem is not “income tax” it is capital gains.
No, that isn't the issue either.
The problem is not tax revenue, the problem is the reckless uncontrolled Federal spending!
I’ve never paid 5.3%. Where is this?
at least shes not whispering
Do the people saying they pay huge amount of taxes whilst billionaires/millionaires don't actually know how billionaires don't pay taxes ? It is actually available for everyone as long as you can work towards it. What I mean is, its not some illegal scheme or some sort of corrupt or priviledged option only available to them, its actually available to everyone at various different levels of your earning power as long as you know them and how to make it work for you. I think the big issue here is people get worked up about it without knowing how its done. Once you work it out ( lets assume your in the middle class) you can work towards paying less and less tax within a decade or 2. Democracy and capitalism is definitely not fair for the poor BUT it allows the poor with some hard work and some luck to stop being poor and get those financial freedoms everyone dreams of, I think that is what most people find hard to understand. Think of democracy as a ticket with a chance of winning not a ticket that is already a winner. You might think this is bad, but for all those others who don't live in a democracy, they don't even have a ticket. So we, living in a democracy definitely have it better. I think you, seeing your lives being born in a democracy and capitalism as a chance for a good life as opposed to an entitlement for a good life should drastically change your perspective, cause what available to billionaires tax wise has its equaivalants further down and as you work your way up you also have the chance to claim those benefits.
Wow I pay a higher rate than the top 16% of rich Americans.That's messed up
Top 16% is srill middle class buddy. It’s not rich unless it’s .5% or less
Yes, and that is because of Joe and Kamala's tax policy.
You pay an average of 30% in federal income tax? I doubt it.
@@DonaldMains yes? The highest federal tax rate is 37
if i many 100K and they take 30% in taxes, i paid 30K in taxes and have 70K left. if you make 1M and they take 20% in taxes, you paid 200K and have 800K left. just make it a flat tax for all. We both pay 20%, problem solved
grabE nman tax ny0.... what if.... iupdatE k0 ulEt yun id k0 at itul0y k0 na yun pirma.... kc nun Jul. 19 hindi k0 tinul0y yun pirma ....
Why political donors have to pay more taxes?
You see if you don’t tax the rich, the money will rain down on us all. 😂😂😂😂😂.
Thee are going to be more immigrants coming into Singapore and other “tax-cheap” countries..
This year I have experienced more gains than losses in the crypto/stock market, thanks to some knowledge I acquired from my financial advisor. I have managed to flip the market
I have seen something like this on countless videos and i find it misleading. I do not trust most advisors as the last time I did, it didn't end well
I totally understand, i have seen this too, but before working with anyone you need to do your research, possibly meet them in person, my financial adviser is Gabriel Alberto William , he is not just a broker, he is a financial adviser that gives advice on any financial matters not just on stocks or crypto
Okay, how do I get in touch with him?
look his name up online, please do your research, he is very good at what he does and has been in various financial market interviews
The rich can never have enough money.
Thet don't have money, they keep investing it back into business which employs workers to build infrastructure, manufacture goods, provide services and many other profit seeking projects.
Why do corporations pay any tax? Its double taxation.
Seems about right
So she can give the money to immigrants
What's the best way to profit from this crypto bull run?
As a beginner, it's essential for you to have a mentor to keep accountable. I'm guided by a widely known crypto consultant
She is Higgins Arden Olivia
WOW!!! You know her too? I'm also a proud beneficiary of her platform
45k profit on weekly basis.
I was even thinking that I'm the only one she has helped walk through the fears and falls of trading.
So you are saying they earn most of their income from capitol gains (23%) and pass through entities (20%) but some how they pay 32% on their income? Give me a break! The math ain’t mathin.’ This report is laughable. Her plan taxes capital gains on individuals with a net worth if $100 million dollars and more. They can afford it and should afford it.
I guess a piece from a liberal news outlet isn't far left enough for it to make sense to you anymore. Are you waiting for The View to make some numbers up and whine about it for you to think it's the truth?
FRANKS SUCH A DOUCE
YOU CAN TELL HES LYING WHEN HE SMILES
Stop lying this tax number is BEFORE tax credits.
I guess a liberal news piece isn't far left enough for you to be the truth now.
@@matthewparker5538 So every news is Liberal except for Fox right ? Every *Liberal* news is fake news execpt for Fox right ? 🤣🤣
Trying to gaslight the audience again. Show the income of each group!