21 sats \ 1 reply \ @Cje95 OP 22 Oct \ parent \ on: Trump Tax Plans Could Exempt 93 Million Americans From Income Taxes news
Not sure where what Rome ey has to do with this? His name isn’t mentioned at all?
Also the 47% point is a myth… it just isn’t true. Social security taxes are income taxes and you can’t get out of them.
https://www.brookings.edu/articles/five-myths-about-the-47-percent/
47 percent is a reference to 2012 campaign. A bad joke.
Social Security and Medicare taxes are deducted from income but counted separately
Edit:
47 percent refers to federal income tax only
Brookings presents zero relevant statistics 📊 or figures or quantitative evidence to debunk the myth of 47 percent
If your income is below 40,000 bucks you will not pay any income tax. Maybe it’s 35,000. I forget the threshold.
I have heard other economists echo 47 percent or almost half.
The solution is a flat tax of 19 percent or the highest bracket should be 25 percent
Eliminate payroll taxes. Privatization of social security and Medicare. Eliminate Medicaid which is a handout for parasites
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