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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
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