@@GowonMattah I said "too many". I didn't say "everyone". If you understand the different taxes you pay, great for you. There's no need to get insulting or personal, coz then you're being ridiculous.
People are like Catholics they won’t read the Bible they want a man who takes away their fun to read his version once a week 🙈They won’t read or watch congress
Yup, this incessant focus on who should pay more is ridiculous and counterproductive. Let's talk about how we can all pay less instead of deciding who to demonize and punish. Let's talk about lowering our spending, cutting costs and having an actual budget we stick to. Who is talking about this stuff? No one. This is why our country is going down the tubes, and quickly.
@@isuckbut906no the governments biggest export. The people don’t see any of that come back to them. It’s all a top down control scheme funded with our money, borrowed against our future.
So the taxes they pay are for the workerz they have. Each check gets taxed and they think this is the percentages to go off of but the tax cuts eliminate this process and let them to write things off to net value so dont listen to this verbal garbage
The point of democrats is that everyone in that top 1% pays the same amount on their income. A person making $800,000 will pay 37% on their income… another person making $8,000,000+ will still pay 37%. Also the one percent just encompasses everyone making over 787k and the top 5% is at least 290k.
@superstan5386 that's how it should be. You shouldn't even get taxed more for making more(percentage wise) we should all get taxed at the same flat rate
@ a flat rate tax system disproportionately affected poorer people. Say you put in a 10% tax, and you have one person making 10k/y and someone making 100k/y. I grantee that the 1k lost from person 1 causes a lot more damage than the 10k lost from person 2. And that only goes up as you get richer and richer, that’s just plain facts. If you make more money, living expenses don’t go up in price so you can still be comfortable paying more in taxes. Also, if you were to implement a flat tax system, you would only be lowering taxes for rich people and raising taxes for poor people, and it would have to be by a lot to sustain our country’s expenses
@@joce9615the congress determines spending. The voters of both oarties are literal idiots that dont understand policy nor how the government works. This will never happen but you could keep all the federal employees and just stop spending money on foreign wars , actually negotitate drug prices, and cut our military budget and we would have so mich money to invest in americans.
@@brianchampaigne5490 congress determines spending and a lot if the things the federal government does for social problems could just be given to private entities or to the states. For specific policies law makers can create incentives for private organizations to follow them and private organizations don't have to deal with the bureaucracy of the government. The government's job is enforcement, so we can shrink the federal government agencies, incentivized private organizations , while keeping government oversight.
He should show the Wealthy People's numbers? And who they are? They really think Americans are stupid and are only going to look at the percentage numbers. Please Pay attention
Americans still wouldn’t understand. This has been an election promise for how many decades?? I’m more impressed the people actually believe it…. One simple reason why I don’t is because as dumb as our government is, they are not going to bite the hand that feeds them. But they will tell YOU that.. Fake it till you make it!!
Yeah but they make money off them too Yeah? I mean they pay them but usually not more than they make for them or else they wouldn't be in business for very long Yeah?
@@leighbrazendale9092 yea but like you said it’s their business I believe it’s right that the person who took the risk and took the time to master their craft and business deserves the biggest reward.
Distributed to politicians so they can private jet around the world to sign papers and give speeches about climate change. Al gore is worth $100M+ Obama is about to be a billionaire, Clinton’s are up there.
Canadian and US politics are not the same. Fellow Canadian here. When we start to conflate the two we start to make terrible decisions which are to our detriment on the home front.
Your taxes are funnelled into Trudeau's private businesses. He's made himself a billionaire off stealing Canadian taxes. This is what Australia and the US do as well, only for their own agendas. Australia is collapsing it's own housing market and the US is laundering overseas and funding international conflicts from the ground up. All with our money.
Thats because even the middle class have high taxes...not so much in the US. You're paying for your "free" healthcare, just not to the doctors directly.
Wow i feel you brother! Its hard to be millionaire and billionaire in america! Tons of loopholes for us not to pay a cent. Imagine trump paid 750 dollars for his tax? Is that what we call 42 % now adays?? 😂😂😂 show me your taxes and post it online before I believe any of your crying online PBD. #RELEASEYOURTAXRECORDPBD
Wow i feel you brother! Its hard to be millionaire and billionaire in america! Tons of loopholes for us not to pay a cent. Imagine trump paid 750 dollars for his tax? Is that what we call 42 % now adays?? 😂😂😂 show me your taxes and post it online before I believe any of your crying online PBD. #RELEASEYOURTAXRECORDPBD
@@LifeIsPrecious-nx7after he paid all his quarterlies! that is how businesses are taxed! Congress has done nothing to change all the loop holes that most of the wealthy use even Obama/Oprah/Kennedy/Trump/ Pelosi and the rest of them
Under Trump, taxes went from 39% to 20%...did anyone in here benefit from those tax cuts?...The Answer Is NO unless you make over 500.000 dollars A Year that's a fact...The Democrats Talk About Cutting Taxes For The Middle Class people making under 400.000 dollars A Year and raise taxes for the very rich...Also Is A Lied That Corporation Pay Taxes Just Google It
I can't believe that ppl are actually crying because this woman didn't get to in office and kill off America!!! SMH!! Thank God President Trump is coming back!!!❤
@@bigtime732facts aren't biased.. y'all just make claims with no evidence. It's exhausting. "It's a lie!" Ok why? "Don't question me, you bi'got!" .. oh,ok.
The truth is that everyone in that top 1% pays the same amount on their income. A person making $800,000 will pay 37% on their income… another person making $8,000,000+ will still pay 37%. Also the one percent just encompasses everyone making over 787k and the top 5% is at least 290k.
Most people think a slap on the butt is all in fun but it’s the slap in the face that wakes you up. That is what this bit of information has done unless you are so drugged up by their medicines that you still can’t feel anything. The lying liberal media is owned by the medicine machine.
He left information out. He did the 2 and 5 babies born are Chinese. Therefore, you have a chance of having a Chinese baby. Type Stat readout. He left so much information out. Starting by saying bottom 50 percent, really? Rich don't even pay taxes because of capital gains growth and borrowing money. The poor pay through inflation. The middle class pays THE largest amount of income tax. The rich are skating as leeches. They pay what amounts to a tip for the pizza man after getting free pizza. The rest of us steal or buy all the pizza ingredients or pay $30 for a pie plus tip.
They should have to share this chart in any political aspersions as a narrative! The DEMONAZI'S have used it like Lucy uses her Football on Charlie Brown!
The top 50% of Americans own 97.5% of the wealth. That *is* their share of the tax. "They" are telling the truth, and *this* fool is deliberately misleading you
Wow i feel you brother! Its hard to be millionaire and billionaire in america! Tons of loopholes for us not to pay a cent. Imagine trump paid 750 dollars for his tax? Is that what we call 42 % now adays?? 😂😂😂 show me your taxes and post it online before I believe any of your crying online PBD. #RELEASEYOURTAXRECORDPBD
$750 was the final installment on Trump's tax bill after he prepaid millions. It might help if you read the whole article and not just the misleading headline.🤦♂️@@LifeIsPrecious-nx7
@@brianchampaigne5490I got raises at my distribution center when Trump was president. We got minute raise when Obama was president. Under Biden we didn't even get one last year. Who the hell are you speaking for? It's not working class Americans.
Real education would be if he also mentioned that the bottom 50% also has less that 3% of the total wealth, they barely make a living and pay 2.6% of the total tax contribution.
the narrative is about corporate tax on businesses & corporations like myself, who whether they make 10 million or $1 billion in revenue, get taxed less percentage wise than minimum wage staff. That, is absolutely insane to me and running a business has only made me realize how absolutely upside down the system is built. You guys are letting wealthy people convince you to act against your own self interests, and it’s just so painful to watch. If the middle class represents so little in regards to total tax income, then we should be all the more happy to lower middle class taxes and increase taxes for corps like myself.
@Isaac2001Ike you are absolutely correct. However, the fundamentals of Marxism and big government is to keep the masses suppressed. This is easily done by keeping the strugglers struggling. Though it seems terrible, I feel that inflation is even more terrible. The elderly struggle all their life committed to this nasty lifestyle the government has imposed only to strip them of their savings in very short order. My heart breaks for those steady and committed wage earners going forward in our self destructing government. A grim reminder that this earth will never take care of us and protect us from ill will of tyranny. We have to fight and beg for everything we get as a nation. Political correctness is a fundamental process of diluting principles of man. This is the process that closes our eyes to evil. If you are willing to compromise your ideals and morals to fit in, you have essentially sold your soul to evil. If you are unable to stand for anything, you will fall for everything! Sorry to go down this rabbit hole, but it is relative to our government demise. We are now living the effects of poor choices and stupid placement of power.
I wish there would be a hacker and hack irs qnd release all the tax r3cords each wealthy individuals pay. I bet you fire fighters, teachers, doctors and lawyers pay more in percentage than these billionaires.😂
Under Trump, taxes went from 39% to 20%...did anyone in here benefit from those tax cuts?...The Answer Is NO unless you make over 500.000 dollars A Year that's a fact...The Democrats Talk About Cutting Taxes For The Middle Class people making under 400.000 dollars A Year and raise taxes for the very rich...Also Is A Lied That Corporation Pay Taxes Just Google It
I wish there would be a hacker and hack irs qnd release all the tax r3cords each wealthy individuals pay. I bet you fire fighters, teachers, doctors and lawyers pay more in percentage than these billionaires.😂
the narrative is about businesses & corporations like myself, who whether they make 10 million or $1 billion in revenue, get taxed less percentage wise than minimum wage staff. That, is absolutely insane to me and running a business has only further made me realize how absolutely upside down the system is built. Of the middle class represents so little in regards to total tax income, then we should be all the more happy to lower middle class taxes and increase taxes for corps like myself.
the narrative is about businesses & corporations like myself, who whether they make 10 million or $1 billion in revenue, get taxed less percentage wise than minimum wage staff. That, is absolutely insane to me and running a business has only further made me realize how absolutely upside down the system is built. Of the middle class represents so little in regards to total tax income, then we should be all the more happy to lower middle class taxes and increase taxes for corps like myself. He’s completely avoiding the conversation about corporate taxes.
@@Isaac2001Ike most people think the rich don't pay as much in taxes which is not true. As far as corporate taxes I know nothing but have heard corps don't pay taxes only the shareholders do. I do know the rich pay plenty in taxes depending on what choices they make. If you keep the money you are taxed on it.
@@johndoe43I am telling you that it is a fact, corporate tax rates are lower than personal income tax rates. This means that factually, a billion dollar corporation pays a smaller tax rate than its own minimum wage workers. If you have a basic understanding of college math this hurts the ears to hear. He’s mixing up proportions and amounts, which is something you see in grade 6. Tax math is about proportionality, not amounts, amounts mean nothing. By definition poorer people pay less taxes, they make less money. That’s not a new discovery. What’s actually relevant is comparing the proportion of wealth paid for in taxes by corporations vs individuals - and you’ll see that the average corporation pays 12.5% of their profits in taxes, and the average individual will pay 25-26% of its income in taxes. This is the only math that has meaning in this context. Whether the corporation is making 100 Million or 1 Billion, doesn’t matter, they still pay a smaller proportion of it than a mcdonald’s worker. This is what is absolutely insane, that somehow nobody wants to talk about or confront, and Republicans’ tails get stuck between their legs when they hear this.
I tell you what's crazy that's happening right now. I fell into a new tax bracket last year because I was able to make a decent amount of money, like $70k. The only problem is that they still think $70k is $70k in 2006. It is really more like $40k. I can pay for a shitty apartment, eat, and do a fun thing every now and again. I don't spend a lot of my money. I am barely getting by. Our wages aren't worth what they used to be. A week of groceries is $150. Eating out at McDonalds is fuckin $20 now. I made more money when I made less money.
Wouldn’t matter much. Info isn’t hard to find for those who seek truth. We are in an age where truth can stare people in the face and they would still deny it.
The top 50% of Americans own 97.5% of the wealth. That *is* their share of the tax. "They" are telling the truth, and *this* fool is deliberately misleading you
I wish there would be a hacker and hack irs qnd release all the tax r3cords each wealthy individuals pay. I bet you fire fighters, teachers, doctors and lawyers pay more in percentage than these billionaires.😂
Appears to be we need to ask where is our money going rather than who's going to pay for it. I'm nowhere near wealthy. Perhaps the Government needs to be reeled in. Stop the wasteful spending and keep our money here in this country. Taxes need to be abolished...
Military/international relations. Throughout the 1900s America had remained the only country that wasn’t seriously affected by war and had a good economy so they stepped in to rebuild and regrow countries and their relations which forced us to act as international police ever since. There is really no getting out of it, now our country depends on the products of the entire world and so we spend so much to keep that peace. so much money that we will never see
And that’s sad. Rush Limbaugh talked about it for 30 years, and had it posted on his website the whole time. Start paying attention to information from sources other than the leftist democrats and fake main stream news media.
What he isn't telling you is that 97.5% of the nation's wealth is controlled by 50% of the country. Classic example of how both Republicans and Democrats use rhetoric more than reason. A Democrat will tell you rich people don't pay their proportional share and Republicans will imply that the poor underpay on taxes by a lot. The truth is that it's about proportional to the amount of wealth held (you control 2.5% of the wealth, you pay about 2.5% of the taxes). Neither party seems actually interested in actually improving wages for the middle classes, despite all the rhetoric they spout.
@@hansb.jaeyni8230 the bottom 50% basically pay zero income tax. They’re the ones not paying their fair share. Some even get money “back” they never paid in in the first place. They aren’t just getting a free ride, they’re being paid to do so.
The statistics are easy to play with when you ignore the fact the the top 1% has an average wealth of over 100x the average family in America. The .1% has wealth over 1000x more and they are not even paying 100x the $ amount in taxes so no they are not paying their fair share.
Save this too: According to a 2021 White House study, the wealthiest 400 billionaire families in the U.S. paid an average federal individual tax rate of just 8.2 percent. For comparison, the average American taxpayer in the same year paid 13 percent.
It’s propaganda, everyone in that top 1% pays the same amount on their income. A person making $800,000 will pay 37% on their income… another person making $8,000,000+ will still pay 37%. Also the one percent just encompasses everyone making over 787k and the top 5% is at least 290k.
Financial education is a must imo. I've never heard the word capital gain until I watched business owners talk about it. Than I realized how that can translate to simply owning a home.
I’m still confused by what you mean here? I’ve been trading stocks for 10 years but what does owning a home have to do with capital gains on investments?
@@Ignacio_Kingsley The value of your home goes up, which you can borrow against, similar to the way that your stocks can gain value (e.g. capital gains), however, people pay increased taxes on increased value when the county does their re-assessment. So I am not sure if the above commenter is trying to argue that increase in home value is the same or different than stock capital gains.
@@abuseinterruptedI increase the value of my home by working on it. Sometimes odd hours painting, etc. I call it sweat equity. Gov. Has no business in it. They know when areas will get new businesses, job growth, man made lakes, etc, they also know when it’s gonna close factories, jobs loss, etc. they control everything. So am I being taxed on future capital gains based on inside information? It’s like them buying stocks. When is enough, enough?
@@mistykoch1824 The government can impact value through policies but it can't control value. 'The government' is a combination of city, county, and state agencies with different and sometimes overlapping jurisdictions, not a monoloth with a cohesive, unified plan. And housing is still impacted by the market amd market actors.
The top 50% of Americans own 97.5% of the wealth. That *is* their share of the tax. "They" are telling the truth, and *this* fool is deliberately misleading you
@@74the_magpie lol bro you missed Pat being shady and splitting down the middle instead of the 3 actual classes, he added top middle class earners in with millionaires and up. He’s rich af expect bias bro even unintentional
@@samdeyton5449 Well, help those who want to stay by finding them another job. Schedule a date of the move and then do it! Newsom is a Horrible governor and wastes all those hard earned tax dollars! And don't even get me started on the Regulations!! IMO ps: Leave the far left ideas and Feelings to sink with the once Beautiful state 😢
@samdeyton5449 are they thick, they would if they left. Sometimes you just need to leave people behind as they are draging you down. What's your business?
@favoritemustard3542 if you look at all the taxes the rich pay a lower rate than the poor. Sales, payroll, social security, property taxes must be included.
Correct me if I’m wrong, but the bottom 50% probably counts young teens in very low tax brackets as well as all of the homeless, struggling and overall just broke people in the US, the top 50 probably contains the middle class and decently well off people who are typically the ones complaining about taxes.
Yes...showing top 1% combined paid 35% of total tax collected when they earn over 1000 times their employees. What % of their income are they paying into taxes? 15% like Warren Buffett once stated? I think that'll show real number. If they actually pay 35% of their earning, I would applaud and say no more parking tickets for those top 1%.
@@SO-ud6ro That's simple, Isreal has been our best friend in the middle East. As far back as the 1940's. Then when Isreal became a country, they were a very good alliance. I know most young people don't understand being friends with someone for more than a few years.
The issue is how the taxes are spent. In my household, I am responsible for paying my bills, getting groceries, putting $ aside for emergencies and for retirement. Congress is responsible for their house as well. Do better
Of all the people it is easy to hate, pointing fingers at the coyotes while the wolves walk about in sheep wool has always been an effective tactic. Especially when the sheep dogs are in league with the wolves.
And he made how much what his percentage compared to 8-5 workers with a W2 that the math that should be done. If you make more you pay more. My 24 percent will be less than Elons 24 percent. Am I missing something here
@@lorenzoshells1951yeah. You pay 24% he pays 70% you missed that part. I think tax brackets should be outlawed just via the constitution. The entire point of the constitution and America is supposed to be EQUALITY. Everyone treated equally. Except when it comes to taxes? Why should you have a higher taxes bracket cause you make more? Your already paying more because you made more. You make 50k pay 25% government gets 12,500. He makes 10 Billion pays government 25% they get 2.5 Billion. That would be fair and equality. Instead he pays 7 Billion.
@Mylliagamer how do you know he actually paid that much? Hell I made 20 quintillion dollars last year and got a return. And don't question what I said because I said it. Did you see my taxes? No? So you have no choice but to parrot what I said, like a good boy.
❤ I agree 💯%. I was having a conversation with my fiance about this just yesterday. I was talking through following the 💵 money 💸 which is true as well, however there is only so much money you have when rich, you will hear people with actual morals and a heart say once they got where they wanted after they had their climb to the top that all their expectations were not what they expected. They say they would be just as happy going back to before they had made that climb...possibly happier. At the end of the day it's the power hunger, narcissistic, control freaks with God complexs that want everything. 🙏 ❤
"Figures lie, and liars figure" -Mark Twain This may look right on the surface, but only stupid wealthy folks pay income tax. "How much does the top 50% pay?" Is only recording the top 50% who couldn't hide their income, LOL. THINK BRO!
@@BearBig70this is nowhere near why this is dishonest they rise they’re prices on what they sell and the consumer makes up the difference so they don’t pay the tax you do then you get also stuck with your tax people are just dumb it’s economics and obviouse why do you think prices went up and everything is so unaffordable
Wow i feel you brother! Its hard to be millionaire and billionaire in america! Tons of loopholes for us not to pay a cent. Imagine trump paid 750 dollars for his tax? Is that what we call 42 % now adays?? 😂😂😂 show me your taxes and post it online before I believe any of your crying online PBD. #RELEASEYOURTAXRECORDPBD
It’s actually the exact opposite from data and statistics, the truth is that everyone in that top 1% pays the same amount on their income. A person making $800,000 will pay 37% on their income… another person making $8,000,000,000+ will still pay 37%. Also the one percent just encompasses everyone making over 787k and the top 5% is at least 290k. It’s the top 0.1% that idiot propagandists don’t mention that are paying the same rates as the top 5%
According to a 2021 White House study, the wealthiest 400 billionaire families in the U.S. paid an average federal individual tax rate of just 8.2 percent. For comparison, the average American taxpayer in the same year paid 13 percent.
@@drhoughton5481 My point isn't that the taxes are fair or not. He claims is talking about "all the taxes", but he is looking just at individual income taxes which is only 47% of federal tax revenue.
Not to mention the “top 50%” Pat is referencing is mostly the middle class people in America who unfortunately do pay a lot in taxes but are not eligible for all the tax breaks and loopholes that the rich do.
What is the point? Just because you don’t make enough money you shouldn’t have to pay taxes? Do you know how tax brackets work? 😂. Brother he just broke it down for you. Top 50% of earners pay 97.3% of all tax. People shouldn’t be allowed to not pay taxes because they make below a certain threshold of money
According to a 2021 White House study, the wealthiest 400 billionaire families in the U.S. paid an average federal individual tax rate of just 8.2 percent. For comparison, the average American taxpayer in the same year paid 13 percent.
That's why TAX CUTS for all, including corporations, actually helps the middle class more. It makes goods cheaper (supply and demand), provides higher wages and more staffing when corporations have more money to spend. It benefits the middle class in many ways. If we tax the corporations to death they will manufacture elsewhere and hire foreign employees, which has become a huge issue.
@@ashlovesblush13I mean in terms of “basic economics” u would be right in terms of more money around to invest, more jobs, more money. However, it’s not as simple as that! U need to take into consideration of the “psychology of money” corporations will not hire more people, they will increase there price of product as people have more money so ur real wage decreases, while there profits increases. An example of this is Covid, oil and gas companies got given “tax breaks, money to help them” but they just increased their price in product on top of that BECAUSE THEY CAN! With the money given to them they can reinvest that into the business (making them more money) The government also gave money to the poor/middle class but that would go on bills, increasing their profits (you see how this is going). If you genuinely think that big global companies pay tax or operate in their own country you are wrong 🤣 Amazon= Ireland and Apple=Ireland but (manufacturing in China but made in America) cause of low corporate tax/product price but they avoid it by just reinvesting into the business or by making donations to reduce this. Yes they do pay tax, but at maybe 4%, which is nothing to them meaning they don’t pay their fair share anyways. What would be better is, actually having a wage or ph pay in line with inflation of around 2% per BOFE, and setting a fair equilibrium for that product. This will increase productivity on both sides, consumers can actually consume, and small SMEs can actually function 🤣 So to conclude, raising or cutting taxes is bad for the middle class no matter what you do. Until governments can set a fair price for products such as bread if bread takes 4p/c to make the highest u can sell it for is 80p/c and the lowest you can sell it for is 70p/c (example) this creates competition and not an monopoly. Where you get the best value, and companies don’t abuse cheap labour. Furthermore, if it wasn’t for so many loopholes in “tax law” where big companies can easily avoid it, inequality wouldn’t be as high as it is now. An example of this is inheritance tax, in the UK this has increased, meaning the middle class pay more to give assets to families. This is targeted to help the UK reduce inequality but this is doing the opposite as MOST rich people don’t pay inheritance tax anyways as it is tied up in a LLC, meaning they can just change the CEO and avoid it.(more to it but gives a basic foundation).Tax isn’t a way to punish both rich or poor, it’s to protect the nation. The way tax is atm, it’s only benefiting the rich I’m afraid. Btw I do have mathematical formulas, evidence based research and also a degree in economics and financial analysis, if u do wish to discuss further. I get why people like yourself come to this conclusion, but in real terms it just doesn’t work for the reasons I stated. If you disagree with what I said you’re entitled to or agree or change my opinion you’re more than welcome this is academia!
In the inflation reduction act there are handouts for refugees and migrants. In oregon they plan to buy/ rent land and give it to refugees and migrants. Makes me wonder how much money is going to Chinese farmers and agricultural companies that are based in America.
A smaller government is the answer. If our government had to run like the private sector, it would be, at most, half the size it is now. I'm not saying that all public sector employees do not work. Many of them work hard at their jobs. There is, however, a lot of waste and positions that are not needed.
I am not from US, but when I talk to people working in public sector in my country, they just don't have a choice. It's the system, not people. I will give example of public tenders: There are massive regulation on everything. They are terrified of doing anything wrong, because everything is so complicated and it has potential criminal consequences. When there is a real possibility of being thrown to the court system, CYA is priority number one. At one time, our ministry of transportation basically refused to sign contracts, unless ordered by court system. If you refuse to sign, you might lose your employment, if you sign, you might spend next 10 years in courts. Public procurements are regulated to hell and back in an attempt to ensure public spending is not misused. That has several consequences, e.g. in private sector, you can change the terms of a contract in an exchange for something (e.g. something is shown as unfeasible or super expensive so you negotiate). That's just not possible in public tender. Competitors would complain their offer did include that and was therefore more expensive. Our Office for the Protection of Competition basically ensures the only criteria used is price. Quality or anything else is just not used, because price is a criteria that can't be disputed. If anyone appeals, it means whole timeline is screwed and you can just cancel the tender. That budgeted money you worked last year for the cancelled tender... Yeah, it's gone. So everyone uses only price, even if they know the cheapest winner will blow up. Budget must be fully spent, no exceptions. If you have something left, budget for next year is cut.
@@honza970 The more the government controls, the bigger the mess it makes. There is a role for government. Protect the people. This also includes protecting the people against crooked businesses. However, the government can't even do a good job at that!
It's readily available information it's been available for decades. If anyone really wanted to know they could find out. They don't want to know how much the Democrats are lying. They literally got their fingers stuck in their ears saying "la la la la la la la la la I can't hear you".😢
The part that I am speaking of is "first-generation homeowners." They would be the only ones who qualify for the full $25,000. I guess it doesn't actually have to be current immigrants. But I think we all know why it was written this way. It's $10,000 for first-time buyers whose parents, grandparents, great grandparents...... have ever owned a home in the United States.
What people don't understand is that if you attack one bracket, you attack all brackets. That means everyone gets hit. Just like if you miss with one type of insurance (health), all insurances go up 😮
Actually no the fuck we didn’t. This is just stupid yelling and raging for engagement. These are all right wing talking points. And boring exaggerated ones at that. This was a waste of time, Ramaswamy Sr.
They also plan on taxing unrealized gains. Meaning they’re going to tax money that you have not earned yet from dividends or stock options that haven’t even turned the profit. Basically what she is saying is she plans on forcing you to pay taxes on $200,000 a year even though you’ve only made $100,000 a year because you have the potential to make $200,000 in a year.
So imagine how rich they are, and how huge is the differences, it could be read in other ways. You are right, it’s not about the % of taxes payed by rich, but making more people wealthy to pay more taxes by the bottom. By the way Amazing channel👌🏻…
I would have to object here, despite I agree with the numbers (would not challenge them).. It's the feeling you have of the taxes.. It's more heavy a 2-3K on a 20K/year person, 10-15K on a 100K/year person and a 1M tax on a 10M/year person.. Theoretically, it is the same %, the amount is of course totally different (1 10M personal paying the same as multiple others, but what each category left after taxes is what counts.. 18K first person, 90K second person, 9M last person.. Hence, it's not the same effect and it is not shown in your graphs...
This isn’t exactly correct. To explain let’s say the bottom 50 percent of Americans make 10,000 dollars a year and that the top 50 percent makes 100,000 dollars a year let’s say that everyone pays an income tax of 25 percent the bottom 50 percent will pay 2,500 dollars in taxes and the top 50 percent will pay 25,000 these means that the total tax collected between one person in the top 50 percent and one person in the bottom 50 percent is 27500. This means that the bottom 50 percent pay only 9.1 percent of the total tax collected. Now this is more than the 3 percent he said but I didn’t acount for the ultra rich/ultra poor and that the US using a progressive tax system which will tax the wealthier a bit more. Think critically and understand the numbers don’t rush to conclusions like this guy.
They are still paying more than the American. They was still paying more. It doesn’t matter how much they make if they earned it. Bottom line is they are still paying more than someone making $20 an hour
It seems like almost all our population didn't go to school. People don't know how to add and subtract. People don't know to to think for themselves, don't how to get information without smart phones, aka libraries, etc. People are economically illiterate . Thank you for bringing this stuff up❤
The reason people say what they say is because they were told to, not because they researched it. What he should have also said is that a large percentage of the lower 50% actually not only get what they put into the IRS back, they also get additional money back as tax credits.
He doesn’t pay taxes and it’s not a magic trick. The government can’t tax his holdings because it’s all held in +6% growth escrow accounts. The government can’t tax the money in his accounts because the funds are from annual loans taken out against those escrow accounts therefore the government can’t tax debt.
@@justiny328I’m sorry but he is right! 🤣 unlike yourself I will tell you how he is right. First off anyone with an LLC including small SMEs can lower tax but simply reinvesting profits into the business. But also, donating to charity reducing the amount of tax they have to pay. Plus registering the LLC tax code in a low corporate tax country. However, investing in paintings is another way to do this. But the real kicker here for you is that “most rich people” don’t have a taxable income WOW shocker! They use debt! So this is different to you if u do have a business, as you probably don’t have enough value or earn enough through the business to take advantage of debt. Meaning the only tax they might have to pay is what they didn’t reinvest, so when you see car brands in movies TAX WRITE OFF, but also marketing for them as well. As you so kindly insulted this person I’m going to do the same to you. Tell me you don’t know basic economics without telling me! Seriously man, learn some basic economics or financial law before commenting such nonsense 🤣
The thing he isn’t telling you is that the top 50% also control 97.5% of the wealth in this country as well. These numbers are being presented in a way to make you feel guilty for taxing high income earners. And we don’t tax them enough as it is. If you are making less than $500,000, which is still a great deal of money, lower those income taxes and raise it on the rich to counter balance it. Putting more money in the hands of working people will boost the economy more than making a very rich person richer.
Norway tried it and it didnt work, it actually did the opposite. people with wealth just "leave" the country meaning you dont get any tax money from them
Dumb idea that contains misinformation. I notice you use the word “control” and not “own”. It’s deceptive, as control is not ownership. A CEO doesn’t own the company and has to answer to many others, including stockholders. Many of the stockholders are members of institutions, such as teachers and tradesmen. Stop being disengenuous.
@@JooYoo-v2zI mean depends on how you look at it. If we are talking small SMEs LLCs then yes they would pay tax on income as they don’t generate enough liquidity to use debt. However if we are talking about Apple or Amazon then yes they don’t tax even as an LLC cause the business doesn’t produce an income, it produces value! For example, Apple might make a phone for £15 and sell it for £700, all profits go to fixed costs/overheads, paying the shareholders etc. After that what is different between SMEs VS Apple is the small SMEs take an income from the business as if they did reinvest it they would have no income. Meaning (net worth of business is too low to take a debt out against it, bank would reject it as it’s too high of risk and not enough liquidity) But Apple would put it back into the business/ give bonuses. Then the CEO or owner with the majority share would take a collateral out against his business as income meaning he doesn’t pay tax! As its debt. Debt is not a taxable income. So yes you’re partially right but in the grand scheme of things you’re wrong for the most part.
If the bottom 50% pay only 2.3% y do they pay at all. When it's so little to the government and so much from the Individual. How could It hurt the top 50% to pay that extra 2.3%
If you vote for Harris and people tell your a complete moron for doing so, don’t be afraid to stand up to them and tell them “Harris has nothing to do with it! I was a Moron long before she was selected to run for president”
so the guy that makes a billion dollars a day should pay one percent? In your world rich people are paying way too much they flip more than half the bill, when there arent that many rich people
@@roseagain2 yes that’s called them using a loophole… ma’am you really that slow? Maybe you should refrain from commenting if you don’t understand. Trump explained it against Hilary Clinton in the 2016 debate
We use exemptions for our trucking business. Gross 186k last year. Net 18k... what did we live on ?..60k which was expensed off... perfectly legal 😊 taxes to state 0 taxes to fed 0... self employment tax based on 18 k... 2800.00. Now anyone who is self employed and is not set up as a llc is leaving money on the table. Do I feel bad about "not paying my fair share"? No way with fuel taxes road taxes property taxes sales and excise taxes... we pay more than our "fair share"
Too many people in America think income tax is the only form of tax you pay
Exactly! Thank you.
@@alpap24 what makes you assume such nonsense, which is incredibly inaccurate and not true , where did you get such a ridiculous idea?
@@GowonMattah I said "too many". I didn't say "everyone". If you understand the different taxes you pay, great for you. There's no need to get insulting or personal, coz then you're being ridiculous.
Total truth bomb dropped
People are like Catholics they won’t read the Bible they want a man who takes away their fun to read his version once a week 🙈They won’t read or watch congress
I want to hear a plan slowing down government spending
Yup, this incessant focus on who should pay more is ridiculous and counterproductive. Let's talk about how we can all pay less instead of deciding who to demonize and punish. Let's talk about lowering our spending, cutting costs and having an actual budget we stick to. Who is talking about this stuff? No one. This is why our country is going down the tubes, and quickly.
I bet government workers are scared to death that Trump wins, and he brings in Musk to clean house.
THIS!!!
Thiiiiiis
Esta
Yes. Government spending on the other hand, is out of control.
Take a look on where it all goes throughout this decade
Yes we need to spend less on the military
@@alonzoduprie8552 Americas biggest export is security. That requires a top tier military and the funding that goes with that
@@isuckbut906no the governments biggest export. The people don’t see any of that come back to them. It’s all a top down control scheme funded with our money, borrowed against our future.
I agree we spend too much on cops. we should spend less on them and the military and social security for old people.
I didn't know those percentages. Very interesting. I've always heard the rich not paying narrative. Thanks.
So the taxes they pay are for the workerz they have. Each check gets taxed and they think this is the percentages to go off of but the tax cuts eliminate this process and let them to write things off to net value so dont listen to this verbal garbage
The point of democrats is that everyone in that top 1% pays the same amount on their income. A person making $800,000 will pay 37% on their income… another person making $8,000,000+ will still pay 37%. Also the one percent just encompasses everyone making over 787k and the top 5% is at least 290k.
@superstan5386 they should say that clearly. Not picking on them but all announcements should be made with specifics and usable data.
@superstan5386 that's how it should be. You shouldn't even get taxed more for making more(percentage wise) we should all get taxed at the same flat rate
@ a flat rate tax system disproportionately affected poorer people. Say you put in a 10% tax, and you have one person making 10k/y and someone making 100k/y. I grantee that the 1k lost from person 1 causes a lot more damage than the 10k lost from person 2. And that only goes up as you get richer and richer, that’s just plain facts. If you make more money, living expenses don’t go up in price so you can still be comfortable paying more in taxes. Also, if you were to implement a flat tax system, you would only be lowering taxes for rich people and raising taxes for poor people, and it would have to be by a lot to sustain our country’s expenses
Hey Pat! How about instead of taking more tax money from the American people….we start eliminating bloated government jobs and wasteful spending…
Do what with those workers? Retire them?
@@Rocketman0407 they can go to work in the private sector. It’s not our responsibility to provide them a job
@@Rocketman0407they would have to work in the private sector. the government spends too much money
@@joce9615the congress determines spending. The voters of both oarties are literal idiots that dont understand policy nor how the government works. This will never happen but you could keep all the federal employees and just stop spending money on foreign wars , actually negotitate drug prices, and cut our military budget and we would have so mich money to invest in americans.
@@brianchampaigne5490 congress determines spending and a lot if the things the federal government does for social problems could just be given to private entities or to the states. For specific policies law makers can create incentives for private organizations to follow them and private organizations don't have to deal with the bureaucracy of the government. The government's job is enforcement, so we can shrink the federal government agencies, incentivized private organizations , while keeping government oversight.
You cannot tax a civilization into prosperity.
This comment is ridiculously underestimated
Nordic countries
@@losanto667 What's the population of these Nordic countries? What's the population of the USA?
@@losanto667 28 Million for ALL the Nordic countries. 335 million for the USA. See a difference? And remember that's for 7 COUNTRIES not just 1.
Civilizations don't exist without taxes
This info needs to be on every TV in America 25 times a day.
He should show the Wealthy People's numbers? And who they are? They really think Americans are stupid and are only going to look at the percentage numbers. Please Pay attention
Americans still wouldn’t understand. This has been an election promise for how many decades?? I’m more impressed the people actually believe it…. One simple reason why I don’t is because as dumb as our government is, they are not going to bite the hand that feeds them. But they will tell YOU that.. Fake it till you make it!!
The government is not going to Tell the people the truth
this is flagrantly misleading cherry picking by pbd.
We all know the liberal left runs the media😂😂
Thank you for explaining this. Wealthy are also paying wages to the lower 50%.
Wages aren’t free. It’s fucking work that someone did. Without work off the back of others, there’d be no fucking wealthy folks.
Yeah but they make money off them too Yeah? I mean they pay them but usually not more than they make for them or else they wouldn't be in business for very long Yeah?
@@leighbrazendale9092 yea but like you said it’s their business I believe it’s right that the person who took the risk and took the time to master their craft and business deserves the biggest reward.
@avicsyy676 yeah they get a bigger reward I don't disagree with that but the bigger your reward the bigger your tax contribution as well
Less than slave labor wages 😂
Tax Plan = wealth redistribution!!
Distribution to you = Zero
??
Distributed to politicians so they can private jet around the world to sign papers and give speeches about climate change. Al gore is worth $100M+ Obama is about to be a billionaire, Clinton’s are up there.
Best comment 😂😂😂😂
this is flagrantly misleading cherry picking by pbd.
Lol
lol, but what he doesn't tell in the video is that bottom 50% owns 2.5% of wealth. According to late April 2024 data.
We’ve heard the same speech up here in Canada. And we the middle class are most definitely paying for it
Canadian and US politics are not the same. Fellow Canadian here. When we start to conflate the two we start to make terrible decisions which are to our detriment on the home front.
@Chatelaine0 If Trudeau is still in charge, you're already making bad decisions.
Your taxes are funnelled into Trudeau's private businesses. He's made himself a billionaire off stealing Canadian taxes.
This is what Australia and the US do as well, only for their own agendas. Australia is collapsing it's own housing market and the US is laundering overseas and funding international conflicts from the ground up. All with our money.
@@Chatelaine0 Canadians just do what Claud Scwuaby Wuaby tells them don't they?
Thats because even the middle class have high taxes...not so much in the US. You're paying for your "free" healthcare, just not to the doctors directly.
It’s refreshing to hear someone speak some ACTUAL truth! Keep at it PBD!!!!!!
Wow i feel you brother! Its hard to be millionaire and billionaire in america! Tons of loopholes for us not to pay a cent. Imagine trump paid 750 dollars for his tax? Is that what we call 42 % now adays?? 😂😂😂 show me your taxes and post it online before I believe any of your crying online PBD. #RELEASEYOURTAXRECORDPBD
Wow i feel you brother! Its hard to be millionaire and billionaire in america! Tons of loopholes for us not to pay a cent. Imagine trump paid 750 dollars for his tax? Is that what we call 42 % now adays?? 😂😂😂 show me your taxes and post it online before I believe any of your crying online PBD. #RELEASEYOURTAXRECORDPBD
Your a 🤡
@@LifeIsPrecious-nx7after he paid all his quarterlies! that is how businesses are taxed! Congress has done nothing to change all the loop holes that most of the wealthy use even Obama/Oprah/Kennedy/Trump/ Pelosi and the rest of them
Under Trump, taxes went from 39% to 20%...did anyone in here benefit from those tax cuts?...The Answer Is NO unless you make over 500.000 dollars A Year that's a fact...The Democrats Talk About Cutting Taxes For The Middle Class people making under 400.000 dollars A Year and raise taxes for the very rich...Also Is A Lied That Corporation Pay Taxes Just Google It
I can't believe that ppl are actually crying because this woman didn't get to in office and kill off America!!! SMH!! Thank God President Trump is coming back!!!❤
Thank you!
Put it out!
Stand strong
Keep sharing the truth Pat!
@@toddhorner7041 the truth he’s pumping out biased one sided opinions
@@bigtime732facts aren't biased.. y'all just make claims with no evidence. It's exhausting. "It's a lie!" Ok why? "Don't question me, you bi'got!" .. oh,ok.
@bigtime732 SMH. I assume you'll vote blue no matter who and you'll defend this nightmare.
@@bigtime732 opinions? HTF you figure that when he was quoting actual facts.
The truth is that everyone in that top 1% pays the same amount on their income. A person making $800,000 will pay 37% on their income… another person making $8,000,000+ will still pay 37%. Also the one percent just encompasses everyone making over 787k and the top 5% is at least 290k.
Thank you Patrick for speaking up❤
Now if he'd just tell everyone to
*_Just say NO to HARRI/BALZ_* 👍🇺🇲👍
@@HelloWorld2024-v5lhe’s playing semantics like always. We’re not all making 2 mill plus a year .
Facts have an amazing way of slapping you on the A**. Thanks Pat.
Most people think a slap on the butt is all in fun but it’s the slap in the face that wakes you up. That is what this bit of information has done unless you are so drugged up by their medicines that you still can’t feel anything. The lying liberal media is owned by the medicine machine.
He left information out. He did the 2 and 5 babies born are Chinese. Therefore, you have a chance of having a Chinese baby. Type Stat readout. He left so much information out. Starting by saying bottom 50 percent, really? Rich don't even pay taxes because of capital gains growth and borrowing money. The poor pay through inflation. The middle class pays THE largest amount of income tax. The rich are skating as leeches. They pay what amounts to a tip for the pizza man after getting free pizza. The rest of us steal or buy all the pizza ingredients or pay $30 for a pie plus tip.
This needs to be viral to combat their flagrant LIES!
They should have to share this chart in any political aspersions as a narrative! The DEMONAZI'S have used it like Lucy uses her Football on Charlie Brown!
The top 50% of Americans own 97.5% of the wealth. That *is* their share of the tax.
"They" are telling the truth, and *this* fool is deliberately misleading you
this is flagrantly misleading cherry picking by pbd.
What, that half the ppl in our nation are so poor now that they don’t even matter?
I'm pretty sure you're confused by the term "cherry picking"
I'm voting RED 🇺🇲🙏🇺🇲
Wow i feel you brother! Its hard to be millionaire and billionaire in america! Tons of loopholes for us not to pay a cent. Imagine trump paid 750 dollars for his tax? Is that what we call 42 % now adays?? 😂😂😂 show me your taxes and post it online before I believe any of your crying online PBD. #RELEASEYOURTAXRECORDPBD
Do it. Vote for a guy that hasn't passed a single bill that benefited everyday Americans. This is a battle of dumb and dumber.
$750 was the final installment on Trump's tax bill after he prepaid millions. It might help if you read the whole article and not just the misleading headline.🤦♂️@@LifeIsPrecious-nx7
@@brianchampaigne5490I got raises at my distribution center when Trump was president. We got minute raise when Obama was president. Under Biden we didn't even get one last year. Who the hell are you speaking for? It's not working class Americans.
Vote orange
Finally! Real education! Awesome post.
Tell the rich to pay of get int the French gravity chopper! Trump is not the answer!
Real education would be if he also mentioned that the bottom 50% also has less that 3% of the total wealth, they barely make a living and pay 2.6% of the total tax contribution.
the narrative is about corporate tax on businesses & corporations like myself, who whether they make 10 million or $1 billion in revenue, get taxed less percentage wise than minimum wage staff. That, is absolutely insane to me and running a business has only made me realize how absolutely upside down the system is built. You guys are letting wealthy people convince you to act against your own self interests, and it’s just so painful to watch.
If the middle class represents so little in regards to total tax income, then we should be all the more happy to lower middle class taxes and increase taxes for corps like myself.
@Isaac2001Ike you are absolutely correct. However, the fundamentals of Marxism and big government is to keep the masses suppressed. This is easily done by keeping the strugglers struggling. Though it seems terrible, I feel that inflation is even more terrible. The elderly struggle all their life committed to this nasty lifestyle the government has imposed only to strip them of their savings in very short order.
My heart breaks for those steady and committed wage earners going forward in our self destructing government. A grim reminder that this earth will never take care of us and protect us from ill will of tyranny. We have to fight and beg for everything we get as a nation. Political correctness is a fundamental process of diluting principles of man. This is the process that closes our eyes to evil. If you are willing to compromise your ideals and morals to fit in, you have essentially sold your soul to evil. If you are unable to stand for anything, you will fall for everything! Sorry to go down this rabbit hole, but it is relative to our government demise. We are now living the effects of poor choices and stupid placement of power.
Thanks, Patrick!
This is the truth, no doubt.
I wish there would be a hacker and hack irs qnd release all the tax r3cords each wealthy individuals pay. I bet you fire fighters, teachers, doctors and lawyers pay more in percentage than these billionaires.😂
@@LifeIsPrecious-nx7in a way yes because we as middle class paying $1 more in taxes is like loosing 1000.00$
Under Trump, taxes went from 39% to 20%...did anyone in here benefit from those tax cuts?...The Answer Is NO unless you make over 500.000 dollars A Year that's a fact...The Democrats Talk About Cutting Taxes For The Middle Class people making under 400.000 dollars A Year and raise taxes for the very rich...Also Is A Lied That Corporation Pay Taxes Just Google It
So she is practically announcing she’s stealing people’s money.
Yup!
Nearly all of you that think this are going to benefit if we reform tax. Top 10% hold 90% of invest able assets. Bottom 50% hold 2%.
@@jshyoungblood time the bottom 50% get off their asses.
@@gedwardnelsonclown 🤡
I wish there would be a hacker and hack irs qnd release all the tax r3cords each wealthy individuals pay. I bet you fire fighters, teachers, doctors and lawyers pay more in percentage than these billionaires.😂
Thank you. Everyone needs to see this.
Why?, no one like watching him licking trump's shoes
the narrative is about businesses & corporations like myself, who whether they make 10 million or $1 billion in revenue, get taxed less percentage wise than minimum wage staff. That, is absolutely insane to me and running a business has only further made me realize how absolutely upside down the system is built.
Of the middle class represents so little in regards to total tax income, then we should be all the more happy to lower middle class taxes and increase taxes for corps like myself.
the narrative is about businesses & corporations like myself, who whether they make 10 million or $1 billion in revenue, get taxed less percentage wise than minimum wage staff. That, is absolutely insane to me and running a business has only further made me realize how absolutely upside down the system is built.
Of the middle class represents so little in regards to total tax income, then we should be all the more happy to lower middle class taxes and increase taxes for corps like myself. He’s completely avoiding the conversation about corporate taxes.
@@Isaac2001Ike most people think the rich don't pay as much in taxes which is not true. As far as corporate taxes I know nothing but have heard corps don't pay taxes only the shareholders do. I do know the rich pay plenty in taxes depending on what choices they make. If you keep the money you are taxed on it.
@@johndoe43I am telling you that it is a fact, corporate tax rates are lower than personal income tax rates. This means that factually, a billion dollar corporation pays a smaller tax rate than its own minimum wage workers. If you have a basic understanding of college math this hurts the ears to hear. He’s mixing up proportions and amounts, which is something you see in grade 6. Tax math is about proportionality, not amounts, amounts mean nothing. By definition poorer people pay less taxes, they make less money. That’s not a new discovery. What’s actually relevant is comparing the proportion of wealth paid for in taxes by corporations vs individuals - and you’ll see that the average corporation pays 12.5% of their profits in taxes, and the average individual will pay 25-26% of its income in taxes. This is the only math that has meaning in this context. Whether the corporation is making 100 Million or 1 Billion, doesn’t matter, they still pay a smaller proportion of it than a mcdonald’s worker. This is what is absolutely insane, that somehow nobody wants to talk about or confront, and Republicans’ tails get stuck between their legs when they hear this.
I tell you what's crazy that's happening right now. I fell into a new tax bracket last year because I was able to make a decent amount of money, like $70k. The only problem is that they still think $70k is $70k in 2006. It is really more like $40k. I can pay for a shitty apartment, eat, and do a fun thing every now and again. I don't spend a lot of my money. I am barely getting by. Our wages aren't worth what they used to be. A week of groceries is $150. Eating out at McDonalds is fuckin $20 now. I made more money when I made less money.
You need to learn to shop better. I feed 4 for 500/ mo .
Buy a house
Rents out of control
Thank you
Thank you for educating the people
@420surfdawg this is only income taxes and is misleading
He's propagating not facking educating!!
He's a right wing shill with no proper facts!!
I wish this video could reach every one in the United States
Unfortunately people still think the tv is truth.
Lol, we have enough brainwashing videos on the internet. PBD is just sshameless. This does not paint an accurate picture of the tax system AT ALL
Wouldn’t matter much. Info isn’t hard to find for those who seek truth. We are in an age where truth can stare people in the face and they would still deny it.
People don’t understand all business pay taxes on their inventory plus how much they made at the end of year
The top 50% of Americans own 97.5% of the wealth. That *is* their share of the tax.
"They" are telling the truth, and *this* fool is deliberately misleading you
We must OUST ALL DEMOCRATIC PARTIES in 2024
100% I agree with you
It won’t happen. There’s too many foolish ppl out here man. It’s sad
Imagine what our forefathers would've thought
@@Aj-andUgay i think they would be in the republicans against trump party xD
I wish there would be a hacker and hack irs qnd release all the tax r3cords each wealthy individuals pay. I bet you fire fighters, teachers, doctors and lawyers pay more in percentage than these billionaires.😂
Thank you pat
Appears to be we need to ask where is our money going rather than who's going to pay for it. I'm nowhere near wealthy. Perhaps the Government needs to be reeled in. Stop the wasteful spending and keep our money here in this country. Taxes need to be abolished...
Military/international relations. Throughout the 1900s America had remained the only country that wasn’t seriously affected by war and had a good economy so they stepped in to rebuild and regrow countries and their relations which forced us to act as international police ever since. There is really no getting out of it, now our country depends on the products of the entire world and so we spend so much to keep that peace. so much money that we will never see
I have I never seen this information in all of the years until now
And that’s sad. Rush Limbaugh talked about it for 30 years, and had it posted on his website the whole time.
Start paying attention to information from sources other than the leftist democrats and fake main stream news media.
It has been around for 40 years are so.
What he isn't telling you is that 97.5% of the nation's wealth is controlled by 50% of the country.
Classic example of how both Republicans and Democrats use rhetoric more than reason.
A Democrat will tell you rich people don't pay their proportional share and Republicans will imply that the poor underpay on taxes by a lot.
The truth is that it's about proportional to the amount of wealth held (you control 2.5% of the wealth, you pay about 2.5% of the taxes).
Neither party seems actually interested in actually improving wages for the middle classes, despite all the rhetoric they spout.
@@hansb.jaeyni8230 100 truth!
@@hansb.jaeyni8230 the bottom 50% basically pay zero income tax. They’re the ones not paying their fair share. Some even get money “back” they never paid in in the first place. They aren’t just getting a free ride, they’re being paid to do so.
Hi from Pleasant Hill Oregon I already voted Trump 2024
Eugene Oregon Here, Voted Trump
We Won!
Thank you! I’ve known this but didn’t know how to explain it. Saving this to explain it.
Theres way more to it then this you realize that right ?
@@brianchampaigne5490 no. Can you explain?
The statistics are easy to play with when you ignore the fact the the top 1% has an average wealth of over 100x the average family in America. The .1% has wealth over 1000x more and they are not even paying 100x the $ amount in taxes so no they are not paying their fair share.
Save this too: According to a 2021 White House study, the wealthiest 400 billionaire families in the U.S. paid an average federal individual tax rate of just 8.2 percent. For comparison, the average American taxpayer in the same year paid 13 percent.
It’s propaganda, everyone in that top 1% pays the same amount on their income. A person making $800,000 will pay 37% on their income… another person making $8,000,000+ will still pay 37%. Also the one percent just encompasses everyone making over 787k and the top 5% is at least 290k.
Financial education is a must imo. I've never heard the word capital gain until I watched business owners talk about it. Than I realized how that can translate to simply owning a home.
Poor nuts will vote for Kamala if she said, she was the anti-Christ!!!!
I’m still confused by what you mean here? I’ve been trading stocks for 10 years but what does owning a home have to do with capital gains on investments?
@@Ignacio_Kingsley The value of your home goes up, which you can borrow against, similar to the way that your stocks can gain value (e.g. capital gains), however, people pay increased taxes on increased value when the county does their re-assessment. So I am not sure if the above commenter is trying to argue that increase in home value is the same or different than stock capital gains.
@@abuseinterruptedI increase the value of my home by working on it. Sometimes odd hours painting, etc. I call it sweat equity. Gov. Has no business in it. They know when areas will get new businesses, job growth, man made lakes, etc, they also know when it’s gonna close factories, jobs loss, etc. they control everything. So am I being taxed on future capital gains based on inside information? It’s like them buying stocks. When is enough, enough?
@@mistykoch1824 The government can impact value through policies but it can't control value. 'The government' is a combination of city, county, and state agencies with different and sometimes overlapping jurisdictions, not a monoloth with a cohesive, unified plan. And housing is still impacted by the market amd market actors.
Please continue to educate your audience. People need yo hear more of this. You’re the best. Thank you. Loves. ❤️🙏🏻
The top 50% of Americans own 97.5% of the wealth. That *is* their share of the tax.
"They" are telling the truth, and *this* fool is deliberately misleading you
Thank you for putting this out.
Middle, pays the taxes.
You pay 2%. He just explained the taxes today. 😊
@74the_magpie then how does Amazon pay $0 in taxes 2 years in a row and then the next year nearly doubles their income and gets a $129 million refund?
@74the_magpie Then how does Amazon pay $0 in taxes 2 years in a row, then the next year gets a $129 million refund after nearly doubling their income?
Then how does Amazon pay $0 in taxes 2 years in a row, then the next year gets a $129 million refund after nearly doubling their income?
@@74the_magpie lol bro you missed Pat being shady and splitting down the middle instead of the 3 actual classes, he added top middle class earners in with millionaires and up. He’s rich af expect bias bro even unintentional
40 year old business owner here, started my company in 2011, we employ 11 people, in CA. My company, and myself, pay an ASTRONOMICAL amount of taxes.
Then leave and bring them with
@@stevecook413 have spoken with all
Of my employees about that, some don’t want to leave, and or can’t afford to.
@@samdeyton5449 Well, help those who want to stay by finding them another job. Schedule a date of the move and then do it! Newsom is a Horrible governor and wastes all those hard earned tax dollars! And don't even get me started on the Regulations!! IMO ps: Leave the far left ideas and Feelings to sink with the once Beautiful state 😢
Damn it sucks your in Cali but you can get new employees no matter where you go. Thats why Tesla left California F Gavin Newscum
@samdeyton5449 are they thick, they would if they left. Sometimes you just need to leave people behind as they are draging you down. What's your business?
This needs to go viral.
@CriticalThinker7L this is only income taxes.
Great point, Henshaw.
What's your point, Henshaw?
@favoritemustard3542 if you look at all the taxes the rich pay a lower rate than the poor. Sales, payroll, social security, property taxes must be included.
He’s clearly lying, rich people borrow against unrealized gains to avoid paying taxes 😂
@@Almost_Over24 Educate yourself.
Correct me if I’m wrong, but the bottom 50% probably counts young teens in very low tax brackets as well as all of the homeless, struggling and overall just broke people in the US, the top 50 probably contains the middle class and decently well off people who are typically the ones complaining about taxes.
PBD is excellent at presenting financial info
But breaks down when asked about israel
@@SO-ud6ro
Why do so many hate Isreal?
@bertgrau3934 better question is what is there to like about israel? Especially as an American.
Yes...showing top 1% combined paid 35% of total tax collected when they earn over 1000 times their employees. What % of their income are they paying into taxes? 15% like Warren Buffett once stated? I think that'll show real number.
If they actually pay 35% of their earning, I would applaud and say no more parking tickets for those top 1%.
@@SO-ud6ro
That's simple, Isreal has been our best friend in the middle East. As far back as the 1940's. Then when Isreal became a country, they were a very good alliance. I know most young people don't understand being friends with someone for more than a few years.
The issue is how the taxes are spent. In my household, I am responsible for paying my bills, getting groceries, putting $ aside for emergencies and for retirement. Congress is responsible for their house as well. Do better
It's not even their house it's the people's house.
Not an argument
You also have to donate to getting Kamala reelected, money going to the Ukraine laundromat, and gender transitions.
The problem is taxes in general. They are taking too much from ALL of us !
Of all the people it is easy to hate, pointing fingers at the coyotes while the wolves walk about in sheep wool has always been an effective tactic. Especially when the sheep dogs are in league with the wolves.
Last year, in 2023, Musk said that he paid 3 billion in taxes.
And he made how much what his percentage compared to 8-5 workers with a W2 that the math that should be done. If you make more you pay more. My 24 percent will be less than Elons 24 percent. Am I missing something here
7 billion
@@lorenzoshells1951yeah. You pay 24% he pays 70% you missed that part. I think tax brackets should be outlawed just via the constitution.
The entire point of the constitution and America is supposed to be EQUALITY. Everyone treated equally. Except when it comes to taxes? Why should you have a higher taxes bracket cause you make more? Your already paying more because you made more.
You make 50k pay 25% government gets 12,500.
He makes 10 Billion pays government 25% they get 2.5 Billion.
That would be fair and equality.
Instead he pays 7 Billion.
@Mylliagamer how do you know he actually paid that much? Hell I made 20 quintillion dollars last year and got a return. And don't question what I said because I said it. Did you see my taxes? No? So you have no choice but to parrot what I said, like a good boy.
@@lorenzoshells1951 i mean, I'm far from rich and paid like 37%
Exactly! More people need to know this. 🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
@Allthingseden this is only income tax. Total taxes the poor pay more.
lRS = lsraeli Revenue Service
Thank you keep telling the truth
Doesn’t matter it’s not about the money it’s about the power and political influence that money buys
❤ I agree 💯%. I was having a conversation with my fiance about this just yesterday. I was talking through following the 💵 money 💸 which is true as well, however there is only so much money you have when rich, you will hear people with actual morals and a heart say once they got where they wanted after they had their climb to the top that all their expectations were not what they expected. They say they would be just as happy going back to before they had made that climb...possibly happier.
At the end of the day it's the power hunger, narcissistic, control freaks with God complexs that want everything. 🙏 ❤
Ignorance is bliss! I’m glad for your content! People are clueless and unaware about the numbers
"Figures lie, and liars figure"
-Mark Twain
This may look right on the surface, but only stupid wealthy folks pay income tax. "How much does the top 50% pay?" Is only recording the top 50% who couldn't hide their income, LOL. THINK BRO!
@@BearBig70this is nowhere near why this is dishonest they rise they’re prices on what they sell and the consumer makes up the difference so they don’t pay the tax you do then you get also stuck with your tax people are just dumb it’s economics and obviouse why do you think prices went up and everything is so unaffordable
Thank you for being in front of this knowledge and sharing with your country in a way that is easy to understand:)
Wow i feel you brother! Its hard to be millionaire and billionaire in america! Tons of loopholes for us not to pay a cent. Imagine trump paid 750 dollars for his tax? Is that what we call 42 % now adays?? 😂😂😂 show me your taxes and post it online before I believe any of your crying online PBD. #RELEASEYOURTAXRECORDPBD
You nailed it.. data and statistics speaks the truth than words.
It’s actually the exact opposite from data and statistics, the truth is that everyone in that top 1% pays the same amount on their income. A person making $800,000 will pay 37% on their income… another person making $8,000,000,000+ will still pay 37%. Also the one percent just encompasses everyone making over 787k and the top 5% is at least 290k. It’s the top 0.1% that idiot propagandists don’t mention that are paying the same rates as the top 5%
so articulate, good job PBD
According to a 2021 White House study, the wealthiest 400 billionaire families in the U.S. paid an average federal individual tax rate of just 8.2 percent. For comparison, the average American taxpayer in the same year paid 13 percent.
Great Job Pat. Best explanation I have heard.
Only if you ignore the federal FICA taxes, fuel taxes, alcohol taxes, etc.
fuel and alcohol taxes are based on user volume. so super fair.
@@drhoughton5481 My point isn't that the taxes are fair or not. He claims is talking about "all the taxes", but he is looking just at individual income taxes which is only 47% of federal tax revenue.
Fica is not even a real tax for poor people. itis a pension plan they will get at retirement
Not to mention the “top 50%” Pat is referencing is mostly the middle class people in America who unfortunately do pay a lot in taxes but are not eligible for all the tax breaks and loopholes that the rich do.
Why guess that explains why all the billionaires and conservative financial institutions are saying Harris is better for the economy.
You are making a good argument for eliminating income tax for everybody making less than a specific amount or completely
Amen
Just reduce the government size and control by a huge amount.
What is the point? Just because you don’t make enough money you shouldn’t have to pay taxes? Do you know how tax brackets work? 😂. Brother he just broke it down for you. Top 50% of earners pay 97.3% of all tax. People shouldn’t be allowed to not pay taxes because they make below a certain threshold of money
@@brodyshanahan1057 well the taxes clearly ain't being used on the bottom 50% anyway so why should they? America is a joke to the rest of the world😂
@@brodyshanahan1057
I agree, if EVERYONE pays taxes , they can feel like they are contributing to our country.
These are the types of commercials that need to air
this is flagrantly misleading cherry picking by pbd.
According to a 2021 White House study, the wealthiest 400 billionaire families in the U.S. paid an average federal individual tax rate of just 8.2 percent. For comparison, the average American taxpayer in the same year paid 13 percent.
The worst part is it will all trickle down to that bottom 50% paying the tax anyway, from increased prices to cover the cost.
That's why TAX CUTS for all, including corporations, actually helps the middle class more. It makes goods cheaper (supply and demand), provides higher wages and more staffing when corporations have more money to spend. It benefits the middle class in many ways. If we tax the corporations to death they will manufacture elsewhere and hire foreign employees, which has become a huge issue.
@@ashlovesblush13I mean in terms of “basic economics” u would be right in terms of more money around to invest, more jobs, more money. However, it’s not as simple as that! U need to take into consideration of the “psychology of money” corporations will not hire more people, they will increase there price of product as people have more money so ur real wage decreases, while there profits increases. An example of this is Covid, oil and gas companies got given “tax breaks, money to help them” but they just increased their price in product on top of that BECAUSE THEY CAN! With the money given to them they can reinvest that into the business (making them more money) The government also gave money to the poor/middle class but that would go on bills, increasing their profits (you see how this is going). If you genuinely think that big global companies pay tax or operate in their own country you are wrong 🤣 Amazon= Ireland and Apple=Ireland but (manufacturing in China but made in America) cause of low corporate tax/product price but they avoid it by just reinvesting into the business or by making donations to reduce this. Yes they do pay tax, but at maybe 4%, which is nothing to them meaning they don’t pay their fair share anyways. What would be better is, actually having a wage or ph pay in line with inflation of around 2% per BOFE, and setting a fair equilibrium for that product. This will increase productivity on both sides, consumers can actually consume, and small SMEs can actually function 🤣 So to conclude, raising or cutting taxes is bad for the middle class no matter what you do. Until governments can set a fair price for products such as bread if bread takes 4p/c to make the highest u can sell it for is 80p/c and the lowest you can sell it for is 70p/c (example) this creates competition and not an monopoly. Where you get the best value, and companies don’t abuse cheap labour. Furthermore, if it wasn’t for so many loopholes in “tax law” where big companies can easily avoid it, inequality wouldn’t be as high as it is now. An example of this is inheritance tax, in the UK this has increased, meaning the middle class pay more to give assets to families. This is targeted to help the UK reduce inequality but this is doing the opposite as MOST rich people don’t pay inheritance tax anyways as it is tied up in a LLC, meaning they can just change the CEO and avoid it.(more to it but gives a basic foundation).Tax isn’t a way to punish both rich or poor, it’s to protect the nation. The way tax is atm, it’s only benefiting the rich I’m afraid. Btw I do have mathematical formulas, evidence based research and also a degree in economics and financial analysis, if u do wish to discuss further. I get why people like yourself come to this conclusion, but in real terms it just doesn’t work for the reasons I stated. If you disagree with what I said you’re entitled to or agree or change my opinion you’re more than welcome this is academia!
😢😢😢😮bro this Pic of Mrs Harris face 😅😅😅her nose have kaka😅😅 buggy I'm there😊😅😅😅😂😢😂😂
In the inflation reduction act there are handouts for refugees and migrants. In oregon they plan to buy/ rent land and give it to refugees and migrants. Makes me wonder how much money is going to Chinese farmers and agricultural companies that are based in America.
Traitorous
The Entire Dem party is Chinese paid communist actors that's why they are destroying America it's obvious that's why they hate Trump he is a threat
VOTE VOTE VOTE TRUMP USA 🇺🇸 USA 🇺🇸 USA 🇺🇸 USA 🇺🇸 MAGA
his plan isn't that much better, unless you want to pay 50$ for a bag of wonderbread
Thank you! Now let this goes viral!!👏
It's been common knowledge for decades. BUT the masses would rather be gaslighted by politicians and mainstream media then to verify it themselves. 🤷
A smaller government is the answer. If our government had to run like the private sector, it would be, at most, half the size it is now.
I'm not saying that all public sector employees do not work. Many of them work hard at their jobs. There is, however, a lot of waste and positions that are not needed.
I am not from US, but when I talk to people working in public sector in my country, they just don't have a choice. It's the system, not people.
I will give example of public tenders:
There are massive regulation on everything. They are terrified of doing anything wrong, because everything is so complicated and it has potential criminal consequences. When there is a real possibility of being thrown to the court system, CYA is priority number one. At one time, our ministry of transportation basically refused to sign contracts, unless ordered by court system. If you refuse to sign, you might lose your employment, if you sign, you might spend next 10 years in courts.
Public procurements are regulated to hell and back in an attempt to ensure public spending is not misused. That has several consequences, e.g. in private sector, you can change the terms of a contract in an exchange for something (e.g. something is shown as unfeasible or super expensive so you negotiate). That's just not possible in public tender. Competitors would complain their offer did include that and was therefore more expensive.
Our Office for the Protection of Competition basically ensures the only criteria used is price. Quality or anything else is just not used, because price is a criteria that can't be disputed. If anyone appeals, it means whole timeline is screwed and you can just cancel the tender. That budgeted money you worked last year for the cancelled tender... Yeah, it's gone. So everyone uses only price, even if they know the cheapest winner will blow up.
Budget must be fully spent, no exceptions. If you have something left, budget for next year is cut.
@@honza970 The more the government controls, the bigger the mess it makes. There is a role for government. Protect the people. This also includes protecting the people against crooked businesses. However, the government can't even do a good job at that!
Everyone should see this
It's readily available information it's been available for decades. If anyone really wanted to know they could find out. They don't want to know how much the Democrats are lying. They literally got their fingers stuck in their ears saying "la la la la la la la la la I can't hear you".😢
Super good stuff man. Extremely interesting sir. Thank you.
It’s actually the top 0.1% that pays nothing, yet holds around the third of the wealth
Look into the $25,000 first-time home buyer credit! It's 25 grand for immigrants buying a home 10 grand for American born citizens!
Go back and read the proposal properly and not from a 3rd party and you would realize that's bs
@sambuechel9632 I don't have a accounting degree but my account does I will take his word for it over a random person online!
OUTRAGEOUS
@@sambuechel9632would you care to elaborate? Why just say someone is wrong, tell us why they're wrong.
The part that I am speaking of is "first-generation homeowners." They would be the only ones who qualify for the full $25,000. I guess it doesn't actually have to be current immigrants. But I think we all know why it was written this way. It's $10,000 for first-time buyers whose parents, grandparents, great grandparents...... have ever owned a home in the United States.
We need someone like you, Pat, to be on the debate stage!
Thank you for breaking it down so easy that a 5 year old could understand it. 😃👍🙏🏼
This is exactly what people need to see!!
This should be on every platform ,FTA,streaming 24 fffing 7.
What people don't understand is that if you attack one bracket, you attack all brackets. That means everyone gets hit.
Just like if you miss with one type of insurance (health), all insurances go up 😮
The fact they’re campaigning on taxes alone should be enough to make your decision
They campaign on way more you just don't pay attention to reality😂
ALL OF AMERICA NEEDS TOO SEE THIS
Actually no the fuck we didn’t. This is just stupid yelling and raging for engagement. These are all right wing talking points. And boring exaggerated ones at that. This was a waste of time, Ramaswamy Sr.
this needs to be out in the public narrative
The left just says they aren't paying the same percentage but that is flawed logic.
I didn't realize that. Thanks, I feel smarter for that info.
They also plan on taxing unrealized gains. Meaning they’re going to tax money that you have not earned yet from dividends or stock options that haven’t even turned the profit.
Basically what she is saying is she plans on forcing you to pay taxes on $200,000 a year even though you’ve only made $100,000 a year because you have the potential to make $200,000 in a year.
** Taxing for Unrealized Gains ** is pure unhealthy behavior of Mental illness in action untreated... 👹👹👹
Exactly!! 😂😂😂😂😂, she's a tool.
You would have to have a net wealth of at least 100 million dollars in order for this to apply to you
@@codyzenyuh5200they love leaving out the one part the shows there ignorance don't they? Wouldnt fit the narrative
Yep she gotta go.✅
So imagine how rich they are, and how huge is the differences, it could be read in other ways. You are right, it’s not about the % of taxes payed by rich, but making more people wealthy to pay more taxes by the bottom. By the way Amazing channel👌🏻…
I would have to object here, despite I agree with the numbers (would not challenge them).. It's the feeling you have of the taxes.. It's more heavy a 2-3K on a 20K/year person, 10-15K on a 100K/year person and a 1M tax on a 10M/year person.. Theoretically, it is the same %, the amount is of course totally different (1 10M personal paying the same as multiple others, but what each category left after taxes is what counts.. 18K first person, 90K second person, 9M last person.. Hence, it's not the same effect and it is not shown in your graphs...
This isn’t exactly correct. To explain let’s say the bottom 50 percent of Americans make 10,000 dollars a year and that the top 50 percent makes 100,000 dollars a year let’s say that everyone pays an income tax of 25 percent the bottom 50 percent will pay 2,500 dollars in taxes and the top 50 percent will pay 25,000 these means that the total tax collected between one person in the top 50 percent and one person in the bottom 50 percent is 27500. This means that the bottom 50 percent pay only 9.1 percent of the total tax collected. Now this is more than the 3 percent he said but I didn’t acount for the ultra rich/ultra poor and that the US using a progressive tax system which will tax the wealthier a bit more. Think critically and understand the numbers don’t rush to conclusions like this guy.
Thank you, someone with a brain
Right? Someone earning 100k and paying 20k is a whole different ball game to a billionaire paying a million...
except not everyone is taxed at the same rate… that’s what tax brackets are
We always hear about how the top 1% pay 42% of the income taxes.
But what percentage of the income do they earn? We never hear that number.
They are still paying more than the American. They was still paying more. It doesn’t matter how much they make if they earned it. Bottom line is they are still paying more than someone making $20 an hour
It seems like almost all our population didn't go to school. People don't know how to add and subtract. People don't know to to think for themselves, don't how to get information without smart phones, aka libraries, etc. People are economically illiterate . Thank you for bringing this stuff up❤
The reason people say what they say is because they were told to, not because they researched it. What he should have also said is that a large percentage of the lower 50% actually not only get what they put into the IRS back, they also get additional money back as tax credits.
Not enough people understand this
Exactly. And those who don’t are voting for Kamala.
Robert Kiyosaki is always claiming he doesn't pay taxes.
Nor will he. He is far smarter than Kamala. She will make the rules and he will be at her as his IQ is 5 times what hers is.
He doesn’t pay taxes and it’s not a magic trick.
The government can’t tax his holdings because it’s all held in +6% growth escrow accounts.
The government can’t tax the money in his accounts because the funds are from annual loans taken out against those escrow accounts therefore the government can’t tax debt.
You are right - I learned this in college and I had an amazing professor - opened my eyes to sooooo much!
Trump, a billionaire, admitted he paid $0.
That's the narrative.
To be honest most rich people use the whole LLC exuse or invest in paintings and whatever to avoid extra taxes.
And I can tell you've never owned a business. 😂
@@justiny328I’m sorry but he is right! 🤣 unlike yourself I will tell you how he is right. First off anyone with an LLC including small SMEs can lower tax but simply reinvesting profits into the business. But also, donating to charity reducing the amount of tax they have to pay. Plus registering the LLC tax code in a low corporate tax country. However, investing in paintings is another way to do this. But the real kicker here for you is that “most rich people” don’t have a taxable income WOW shocker! They use debt! So this is different to you if u do have a business, as you probably don’t have enough value or earn enough through the business to take advantage of debt. Meaning the only tax they might have to pay is what they didn’t reinvest, so when you see car brands in movies TAX WRITE OFF, but also marketing for them as well. As you so kindly insulted this person I’m going to do the same to you. Tell me you don’t know basic economics without telling me! Seriously man, learn some basic economics or financial law before commenting such nonsense 🤣
Need someone like pat speaking out for taxpayers in the uk
He's talking b.s.!
He's not looking at % rates!
The thing he isn’t telling you is that the top 50% also control 97.5% of the wealth in this country as well. These numbers are being presented in a way to make you feel guilty for taxing high income earners. And we don’t tax them enough as it is. If you are making less than $500,000, which is still a great deal of money, lower those income taxes and raise it on the rich to counter balance it. Putting more money in the hands of working people will boost the economy more than making a very rich person richer.
Norway tried it and it didnt work, it actually did the opposite. people with wealth just "leave" the country meaning you dont get any tax money from them
Dumb idea that contains misinformation. I notice you use the word “control” and not “own”. It’s deceptive, as control is not ownership. A CEO doesn’t own the company and has to answer to many others, including stockholders. Many of the stockholders are members of institutions, such as teachers and tradesmen. Stop being disengenuous.
Because it's not in their name but the llcs
You think LLC doesn’t pay taxes based on income?
@@JooYoo-v2zDon’t tell him😂😂😂
@@JooYoo-v2zI mean depends on how you look at it. If we are talking small SMEs LLCs then yes they would pay tax on income as they don’t generate enough liquidity to use debt. However if we are talking about Apple or Amazon then yes they don’t tax even as an LLC cause the business doesn’t produce an income, it produces value! For example, Apple might make a phone for £15 and sell it for £700, all profits go to fixed costs/overheads, paying the shareholders etc. After that what is different between SMEs VS Apple is the small SMEs take an income from the business as if they did reinvest it they would have no income. Meaning (net worth of business is too low to take a debt out against it, bank would reject it as it’s too high of risk and not enough liquidity) But Apple would put it back into the business/ give bonuses. Then the CEO or owner with the majority share would take a collateral out against his business as income meaning he doesn’t pay tax! As its debt. Debt is not a taxable income. So yes you’re partially right but in the grand scheme of things you’re wrong for the most part.
This has blown my mind
If the bottom 50% pay only 2.3% y do they pay at all. When it's so little to the government and so much from the Individual. How could It hurt the top 50% to pay that extra 2.3%
Exactly same thing I'm thinking
Cause the American mob (irs) wants it all
Wow! You only pay 2.3% and you're trying to not even pay that and you begrudge the top 50%. 😂😂😂
Then what else will democrats use to dangle in front of voters?
If you don't pay taxes you should not be entitled to vote.
Good Man! Keep Them Honest.🇺🇸
And this government is RIDICULOUS WITH THEIR RECKLESS SPENDING!!! That’s one of the biggest issues
The amount of stuff we get taxed on all together is ridiculous and NEEDS reform, its a system that drastically needs improvement
If you vote for Harris and people tell your a complete moron for doing so, don’t be afraid to stand up to them and tell them “Harris has nothing to do with it! I was a Moron long before she was selected to run for president”
LOL
You'd be more convincing if your command of the English language was at least that of a third grader@@gedwardnelson
so you're gonna vote for the guy that wants 300-500% tariffs
@@cypherphoenix2665 of course not, nobody is… and even you know how ridiculous that sounds.
@@RovingRoninEDC no, there's literally millions of people who are deadset on voting for that guy
GOD BLESS! WHITE FARMER FROM SOUTH AFRICA! THANK YOU FOR A GREAT PODCAST!!❤🎉❤❤
Trump 2024
Cant everybody just pay the same % ? Sounds the best way to do it
Really? So someone who makes $10,000 a year should pay the same as someone who makes $100,000,000, don’t know how that would work but ok bud.
Everyone 1%
so the guy that makes a billion dollars a day should pay one percent? In your world rich people are paying way too much they flip more than half the bill, when there arent that many rich people
Very very informative
Source: trust me bro. Income tax is not the only tax, genius.
Loop holes….. I like you but don’t play stupid here you know how it works READ THE DAMN TAX CODE ITS 99% exemptions
@ryonsanders4045 yes. Amazon paid $0 in taxes 2 years in a row. Then the next year got a $129 million refund after nearly doubling their income.
@@roseagain2 yes that’s called them using a loophole… ma’am you really that slow? Maybe you should refrain from commenting if you don’t understand. Trump explained it against Hilary Clinton in the 2016 debate
We use exemptions for our trucking business. Gross 186k last year. Net 18k... what did we live on ?..60k which was expensed off... perfectly legal 😊 taxes to state 0 taxes to fed 0... self employment tax based on 18 k... 2800.00. Now anyone who is self employed and is not set up as a llc is leaving money on the table. Do I feel bad about "not paying my fair share"? No way with fuel taxes road taxes property taxes sales and excise taxes... we pay more than our "fair share"
@ryonsanders4045 no shit.
@@DeliverMeFromEvil- exactly thank you and right on you shouldn’t feel bad you worked hard to create a business and deserve your money