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this post was submitted on 29 Dec 2024
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Anyone who makes $100,000 (gross) in wages, or less should not have to pay Federal taxes. Wealthy corporations, citizens, and all churches should be paying their fair share of all taxes.
Churches should get tax deduction for money spent on real charity, however they should pay taxes on money received and spent on everything else - looking at those mansion homes, expensive cars and private jets.
As long as this shit is actually audited, because they 1000% will cheat on this.
It would be interesting to see what happened if we banned tax deductions for all charities.
We donate ~560 billion dollars annually.
Note we believe it only would take about 20-30 billion to house every homeless person in America.
So how is that 5% of our donations can solve homelessness... Yet we pay 20x that and people are still homeless?
Corruption you say... All the way up
"But anti women's choice billboards IS charity!"
Ugh, fuck these shitters.
Tax churches and suddenly charity might not be required after all....
The vast majority don't. The bottom half don't pay any federal taxes, and in fact get more back in their refund than they paid in. The rest barely pay at all. 90% of federal income comes from the top few percent.
Local income taxes, sales taxes, lack of wage increases, rent increasing, are all the bigger issues that screw the lower class.
In 1953 the top margin tax rate was 92% for income over $400,000. That’s about $4,000,000 today adjusting for inflation. In 1953 we had a strong middle class. Today we do not. Maybe stop spouting Republican lies that have led us to the highest wealth inequality in US history.
Where do you live? In the U.S. federal taxes hit everyone. People get tax returns because they paid to much in taxes up front.
"The bottom" half of Americans all pay federal taxes. The percentage they pay is exactly the same as what those in the top 1% pay in their tax brackets. If someone makes 1 million dollars a year, the first 24,000 they made is taxed exactly the same way that someone who only made 24,000 that year.
That amount would be $2,648 dollars.
Hilarious to read - get more back in their refund than they paid in. Please tell me how that works exactly. I would love to use my tax filing as an income source. Fcking idiotic!
Some credits are refundable, notably the earned income credit. A specific niche of people who get paid, have a family, yet are too low income to pay taxes, can actually get money by filing
I'd argue $1m or less and increase capital gains taxes.