Just a friendly reminder that personal income-tax makes up roughly 50% of US tax revenue, with social security and Medicare taxes accounting for around another 40%. This means that the US worker foots 90% of the US tacmx bill leaving only 10% to be covered by corporate income tax, capital gains taxes, estate taxes, gift taxes, miscellaneous income-tax, and customs duties taxes. All while 1% of our population holds 90% of our nation's wealth.
Just a friendly reminder that personal income-tax makes up roughly 50% of US tax revenue, with social security and Medicare taxes accounting for around another 40%. This means that the US worker foots 90% of the US tacmx bill leaving only 10% to be covered by corporate income tax, capital gains taxes, estate taxes, gift taxes, miscellaneous income-tax, and customs duties taxes. All while 1% of our population holds 90% of our nation's wealth.