math problem,don't remember how to do percent
 

Like what percent of tax rate for wealthy.
Take 1% u.s. wealthy 1000000000 paid 3.6 trillion on there $100000000. each
Then average Joe making $50000. pays $700 billion, what is difference in percent?
Who Is hurting more,and supporting the government.

Can you clarify your question a bit?

1% is .01.

It is not an arithmetic problem, it is a data insufficiency problem and that the question cannot be answered with the data provided.

Too, what, exactly is the question? That is not well defined.

You don't have enough information for the calculation. According to Saez and Zucman, the top 1% pay an effective tax rate of 23%, vs 24% for the average American. I'm not a fan of Berkeley economics, but the raw numbers are what they are. (no matter what Forbes or Cato may say).

I think the real numbers are far more embarrassing for the wealthy. Because when you add in the effects of unrealized capital gains, stock buy back, deferred compensation, and asset appreciation, I'm pretty sure you'd find that tax deferred wealth accumulation moves at a vastly faster pace than taxable income.

" I think the real numbers are far more embarrassing for the wealthy. Because when you add in the effects of unrealized capital gains, stock buy back, deferred compensation, and asset appreciation, I'm pretty sure you'd find that tax deferred wealth accumulation moves at a vastly faster pace than taxable income. "

Truth .

Many here who are hurt by this don't accept it oddly enough .

https://www.foxbusiness.com/personal-finance/heres-how-much-wealthy-americans-pay-in-taxes

Top 1% of earners produced over 37% of the total tax revenue in the US. The top 10% provided 70% of the revenue. Those evil people not paying their fair share.:rolleyes:

What do they have left? They are paying less a percentage of their income than the 1% secretarys of Buffet.

You're correct. It's not about tax rate, it's about equitable distribution of wealth. I bet you didn't intend to go there...

If it is one thing I can’t stand, it is equitability.

When Buffet claimed that his secretary paid a higher tax than he did, he was including OASDI (a.k.a. Social Security) and Medicare "insurance premiums."

If you took all the individual tax returns' adjusted gross income (AGI) and divided it all the individual federal income taxes paid, it worked out to about 12% before the Trump tax cut. It's probably down to about 10% now, with the Trump tax cut.

So, if you're paying less than 10% of your AGI in federal income tax...

YOU'RE NOT PAYING YOUR FAIR SHARE.


If you're paying more than 10%...

YOU'RE PAYING MORE THAN YOUR FAIR SHARE.

As far as I’m concerned SS tax and medicare tax, are taxes.. I don’t much care what their name tags say.

All that does need including. He pays a fraction of his income for it compared to her.

Good luck getting the liars and shills to ever admit this .

You know, I bet Buffet included SS and medicare when he calculated his own tax rate. So I'm sure it's apples and apples.

There was no "trump tax cut" for mere mortals. For the commoners all that happened was their withholding was repacked into their weekly paychecks. Biggest raise they every got. So sad.

The effective tax rates calculated by the Berkeley study are reasonably accurate. If you want to be as stupid as Forbes or the conservative think tanks, you can observe that the study didn't reflect earned income credit. We should probably check into popular billionaire hardship perks like carried interest, and see if those were included. If we keep following those kinds of tangents, we'll never have to discuss the thorny problem of rapacious wealth accumulation.