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this post was submitted on 24 Mar 2024
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This is only tangibly related to your comment, but even before you get the unemphatic part, the regressive taxes alone set rich people apart from poor people. If you make enough money have to pay taxes at the lowest bracket in the US it's 10% taxes with minimum $22k a year income. That is $2200 a year, which is a crazy amount for them to be able afford when someone in the highest tax bracket is paying 37% and it doesn't start until $578k for a single filing. That's about $214k in taxes with about $364k left over to be as empathetic as they want to be with it. It would take the person who is paying 10% in taxes 16.5 years just to make what the person who is making half a million a year makes AFTER TAXES!
It's very hard for either group to be empathetic to the other, but for vastly different reasons.
I am very bad at public math if anyone sees a glaring issue.
I agree with your sentiment but that's not how taxes work... Only the money after 578k is at taxed at 37%... So the first 22k is taxed as 10% even if you make a billion dollars.
How is that proving my point any less? You are absolutely right those fucking billionaires way more than $578k every day and yet the person who pays at 10% is going to feel that tax burden so much more than someone making a million dollars!