HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
Your quote ignores the 2nd quintile. And it defintely doesn't say anybody, including the top 0.1% is saving $190K. Made up figure?
Glad we're using actual data:
An estimated 45.3% of American households — roughly 77.5 million — will pay no federal individual income tax, according to data for the 2015 tax year from the Tax Policy Center, a nonpartisan Washington-based research group.
That covers the 1st and 2nd quintile. This is corroroborated by the TPC.
Despite the fact that rich people paying little in the way of income taxes makes plenty of headlines, this is the exception to the rule: The top 1% of taxpayers pay a higher effective income-tax rate than any other group (around 23%, according to a report released by the Tax Policy Center in 2014) — nearly seven times higher than those in the bottom 50%.
From TPC
Rich people pay nearly 87% of all federal individual income tax in America
| Income level | Share of total federal individual income tax paid |
Average income tax bill per person |
| Lowest 20% | -2.2% | -$643 |
| Second lowest 20% | -1.7% | -$621 |
| Middle income | 4.2% | $1,743 |
| Second richest 20% | 12.9% | $6,285 |
| Richest 20% | 86.8% | $50,176 |
Source: Tax Policy Center
Face the facts.
Joint Committee on Taxation: Lower- and middle-income households ($10k-$75k) will likely end up paying more in taxes Dec 21, 07:57
The lies comes from those such as the CBC article you cited that manipulate JTC and TPC information out of context {nm} Dec 21, 10:21
That's just your opinion. Provide some context then, {nm} Dec 21, 10:48
According to the TPC directly (link enclosed), the bottom 40% will reap a whopping $220 a year. Then hands some back in 2025. Dec 21, 12:41
(income taxes, because they don't make enough money to get into a bracket. still pay plenty of sales and other taxes) {nm} Dec 21, 13:23
Your quote ignores the 2nd quintile. And it defintely doesn't say anybody, including the top 0.1% is saving $190K. Made up figure? Dec 21, 14:48
$2000/yr avg savings as per TPC X 126,000,000 households = $250 billion/yr, $1.75 trillion over 7 years Dec 21, 12:26
surely they'll all turn out in the midterms to vote for the reps and senators who passed it, if it's such a great deal! {nm} Dec 21, 13:25