08-14-2015, 05:59 PM
(08-14-2015, 02:42 PM)jakefromstatefarm Wrote: The point obviously went over your head. Taxes are obviously passed off to the largest class, the middle class. Yes, a fairly high-income earner (say the CEO of a fortune 500 company) may pay quite a lot in income taxes. 39.6% was the highest for 2014, for example. A lot of really wealthy people do not have income. They may have investments, in which they are paying capital gains tax in lieu of federal income tax. That tax rate is much lower (20% was the highest in 2014). Meaning that a wealthy person (think a guy like Gates) who most assuredly doesn't receive a paycheck but also has investment income is only paying a 20% tax on whatever gains he has.
Educate yourself
http://www.cnbc.com/2015/04/13/top-1-pay-nearly-half-of-federal-income-taxes.html
The top-earning 1 percent of Americans will pay nearly half of the federal income taxes for 2014, the largest share in at least three years, according to a study.
According to a projection from the non-partisan Tax Policy Center, the top 1 percent of Americans will pay 45.7 percent of the individual income taxes in 2014—up from 43 percent in 2013 and 40 percent in 2012 (the oldest period available).
