Title | : | Who pays the lowest taxes in the US? |
Lasting | : | 5.51 |
Date of publication | : | |
Views | : | 5,1 jt |
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Unfortunately this video is distorting "fair share" When you earn less of course the percentages will be drastically different What is always forgotten is all the hidden operations costs Top 1 pays 40-45 of the country's tax dollars Is that not fair? Comment from : @ImalwaysFullRight |
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You need to adjust for the new estate tax laws that levy zero taxes under$12 million etc And Gates & Bezos are already expected to structure their estates to pay zero taxes upon inheritance The wealthy don't pay their share ever! Comment from : @byteafterbyte |
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What about capital gains taxes? Comment from : @Ghael-o3x |
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The ones who pay the least taxes are technically the ones getting paid from it, which are for example the ones on social security Comment from : @minty69420 |
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用一句话讲述这部电影的概况 Comment from : @shanjiahao |
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And you smarties just voted for the richest to rule over you How clever you are 😂 Comment from : @gabrielreinert8458 |
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If poor people paying less like nothing, why don’t you wave their taxes Interesting Comment from : @long-yi9817 |
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Tax laws can be so complex, and it’s super helpful to break them down like this Understanding how different policies can impact our finances is crucial for making informed decisions Comment from : @MaximilianFischer497 |
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Expose the Oligarchy! People before profits, don't let Luigi down! Comment from : @davdna |
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My income tax is zero Comment from : @johnhumphrey9953 |
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The payroll tax should be paid by the corporations on top of the employees' pay Comment from : @acash93 |
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I hope this isn't a surprise to anyone 🙄 Comment from : @jayehum5019 |
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To be fair we should remove the ceiling on social security and medicare However, the thing about stocks is that you don't have it in your bank to spend Typically you saving it for like retirement This isn't the filthy rich This is the reason that you don't pay taxes on it until you realize it Comment from : @lucyk2371 |
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0:03 nah why is the poorest person black and the richest pure white💀 Comment from : @allaboutabhay9925 |
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About 20 years ago while living and working in NYC I was paying more than 30 in taxes on a 60K salary Comment from : @nccamsc |
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I'd say that baby's momma with multiple kids and baby's daddy's who don't work and get that big tax refund, when they spend 90 percent of it Walmart but it's only state sales tax Comment from : @George-s6f |
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This assessment does not include the EITC, SNAP, WIC, Medicaid, Healthy Start, ACA subsides that allow our low income citizens to recoup almost all of their tax contributions to the Feds Comment from : @kirksmith6861 |
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I think we also have to factor in the standard of living cost vs just the percentage of income taxed For instance 30 of a 60k income leaves 42k in income to live off 30 of a million dollar income leaves 700k to live off Because of the cost of goods and services, the person with 42k left over is struggling Even if the million dollar person was taxed at 50, that leaves 500k brI’m not advocating to tax the rich that much, I’m just stating that percentage of income doesn’t tell the full story Comment from : @kyronlee8927 |
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You had me until the last round when the graphing changed to salestax on necessities, prior to that point we were talking about share of taxes After that point, the author is discussing equitable outcomes Additionally, we aren't accounting for capital gains tax or job creation Note, i think this is a valuable analysis, but it diverged Comment from : @matt_SurfaceOfTheSunPhx |
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You looked percentage wise, but could you also show the concrete amount of dollars? would help show how much they actually pay Comment from : @epilog80 |
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It's ironic that anyone can watch this video and think, "the rich don't pay their fair share" based on a graph that distorts inputs, rather than thinking, "it's ridiculous that the GOVERNMENT is taking that much from anyone, but especially the poor" Comment from : @taylorwilliams4291 |
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Title should say who pays the lowest amount of taxes, and amount if very different Comment from : @evanhastings4858 |
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American taxes go toward military might, bombs, guns, killingother countries get all sorts of services and benefits from their taxestherefore Americans are getting ripped off by horrendous government leadership Horrendous !!! Comment from : @blairsterling6141 |
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Half of a million dollars is still half a million dollars Half of 1K now that hurts Comment from : @PaleHorseman117 |
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he had to add the 400 people because it was too true Comment from : @nikodemgorski8276 |
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Consumption tax is “regressive” as are payroll taxes - use the term and teach more about what it means and what it does Comment from : @Charactermatters650 |
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Viola! I knew rich people get over in America! Is that why politicians are always trying cut taxes and services? Comment from : @andrewburleson9846 |
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Trump paid exactly $750 in federal taxes annually for multiple years as a billionaire Comment from : @doggygaming950 |
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While it is true that companies could pay workers more if they did not have to pay half of payroll taxes, using this alternative assumption to assign the entire payroll tax rate to an individual does not result in a correct comparison Comment from : @StephenSimpson-lk7rl |
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This is really racist Comment from : @fmike15 |
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The low income groups' money comes from the government Comment from : @mmart4321 |
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But the question is how many ppl included in 10brBut only 400 billionaire ppl paying almost equivalent to 10 of the other ppl Comment from : @manikantavaddepalli1597 |
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In 1993, Bosanek (Warren Buffett's secretary) paid a tax rate of 358 percent of income, while Buffett paid a rate at 174 percent Comment from : @danielrivera2365 |
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Now do how much in govt benefits each decile receives Comment from : @thomasfk09 |
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Children Comment from : @havibav1342 |
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Oh we know and knew the billionaires get away with this Sad case in point, the CEO of United Health Terrible situation , but some people get fed up Its going to get worse next year with a new administration coming in The one with the "Billionaire" president Comment from : @hill3016 |
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This comparison has been done forever you compare an income tax to a use tax, so lame Math alone would dictate that the lower income earners would pay higher use-taxes than higher income earners There isn't a way around that, oh wait, smaller government! I'm sure VOX is in favor of that Comment from : @JohnMatthew1 |
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But if we look at real prices, not a percent? Comment from : @АлександрЛогинов-т3ф |
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Pretty liberal way to look at it It all changes when you look at what percentage of all tax is paid by the rich Comment from : @genofgames3777 |
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The Elites have since WW-2, put their chains on the masses Inherited wealth instead of Meritocracy will destroy the USA! Comment from : @peterbroderson6080 |
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I wonder how this has changed since the Trump tax cuts Comment from : @salsusmagnsu |
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It’s not how much you pay in taxes it how much you can deduct brIf you own a business everything is a deduction Comment from : @davemalinak6802 |
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Thank you for this video! I am writing a college paper on taxation and a wealth tax so this video will be so useful for me!! ❤ Comment from : @eriknielsen1231 |
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The problem with this video is that it is in percentages and not absolute tax payments The top 5 of earners pay over 65 of the absolute income axes in America The poor and even the middle class pay a very little part of the total taxes collected in America Comment from : @AdamKover |
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This is a good video, though I'd also like to see the actual dollar amount paid in taxes instead of just the percentage Comment from : @CasualTS |
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rich people pay a tiny fraction of their income, but its more than the poor people will pay in their lives Comment from : @JDGtheanimator |
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Things would look much more balsnced if it wasnt for Medicaid and 401k Comment from : @PokeShadow77 |
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I don’t 😂 Comment from : @Naturex2 |
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Dooe Comment from : @lavabite2245 |
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I agree with all of this except the payroll tax argument You can’t just say the company doesn’t pay that tax just because some companies might not pay employees as much to cover the tax The companies are still paying the tax It’s a logical fallacy Comment from : @teambenjamin1 |
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Now add someone from the church in the lineup Comment from : @ProjectILT |
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It pays to make money Comment from : @tedmcfly |
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So you're saying rich people don't put as much money into a systems, medicare and Social Security, that they won't need? If you take away that one category, payroll taxes, the rich still pay way more, not to mention the jobs, products, and services their company or companies provide Comment from : @thekadend |
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You dont take into account tax credits for the poor either Those need to be deducted Comment from : @redricochet |
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Oregon has no sales tax Are Oregons economics significantly better than the rest of the country? Comment from : @redricochet |
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Its unfair to attribute all of the employer share to the employee via lower wages Certainly theres an effect there, but its not 100 Lets call it 50 Comment from : @redricochet |
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Billionares should be illegal Comment from : @thedragonthatlovesskittles7132 |
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Who pays the lowest taxes rich Comment from : @RA-II |
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I would like to see what the graph looks like when tax benefits are deducted Comment from : @love2travel4ever |
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You aren't giving employers credit for their share of the payroll tax Comment from : @finicum11 |
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And this is before the 'creative' tax methods the richer end can afford to do Comment from : @TaoistYang |
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Also factor in that someone who makes a billion at 10 tax rate is paying 100 mill Someone who is making 100k at 30 is paying 30k Comment from : @michaelarons4322 |
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You also have to to into account thebgovernement programs and who they benefit Welfare, food stamps, medicare etc Comment from : @michaelarons4322 |
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One thing to consider about social security tax, is that is your money forced to be put in a govt retirement fund That you are expected to get back with interest after retirement Comment from : @michaelarons4322 |
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I'd love to see one of these for the taxes in The Netherlands Really good video! Thanks! Comment from : @animelove011 |
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But what if billionaires who don't have salary but esop They will pay no income tax Comment from : @minhinblack7564 |
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What about those billionaires providing lots of jobs? That poor is just working for himself Comment from : @ganeshkhot1133 |
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Sounds like a great reason to eliminate consumption and payroll taxes Of course, governments never get rid of taxes You cannot vote your way out of taxation Comment from : @CAGreve1231 |
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Yet you fail to mention the rich pay the majority of taxes Comment from : @ZanManDew |
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Just lower all the taxes Comment from : @jugadoradicto21 |
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Your math is wrong If a person spent 100 of their income on consumables, that amount would not be more than the sales tax rate Since usually groceries and the like are not hit with sales tax, the resulting consumption tax is a far smaller portion of their income than you include Comment from : @sunnylowe7307 |
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Don’t they pull the strings Comment from : @danromeo6571 |
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and if you consider that a big chunk of the upper end tax is because they can actually afford to own property when the lower section can't and that that property is accumulating value it becomes even more lop sided Comment from : @diceman199 |
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I'm sorry but you aren't making any point Comment from : @phpn99 |
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And it doesn’t consider the tax havens the rich use to not have to pay taxes and that they can afford the best lawyers and accountants to ensure they pay as little as possible When all factors are considered the rich barely contribute at all while taking everything they can Comment from : @Saiya4779 |
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The same happens in Italy! And that's a shame! Comment from : @linaribaldi3829 |
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There are 800 and something Comment from : @bipl8989 |
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Solutions? If you could rewrite the entirety of taxes, what is your proposal?brMaslow’s hierarchy of needs? no tax on raw-minimally processed foods (rice, potatoes, fruits, veggies) but yes tax sandwiches, frozen burritos, etc bretc Comment from : @KGTiberius |
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Two things herebr1 Medicare and social security, you get back when say lose your job or require medical attention br2 Consumption tax is state specific Basic needs like groceries are taxed in some states (Oklahoma, Texas etc) and not in others (NJ, NM) brSo I don't know how accurate this analysis is Comment from : @ashamanthaksughnani1571 |
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You can bet Fox news will never report this Comment from : @alvinfell4471 |
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