Comment on Oof

• shalafi@lemmy.world ⁨18⁩ ⁨hours⁩ ago

  Imma need a source on that. Bottom 50% of who?

  source

  • medgremlin@midwest.social ⁨18⁩ ⁨hours⁩ ago

    The bottom 50% of Americans make less than $40k a year. They do pay some federal taxes, but with the standard deduction, the 19.3% of working Americans that make less than $15k a year don’t pay any federal taxes. The standard deduction goes up to $22.5k for a head of household (i.e. a single working parent). Given that the federal minimum wage still works out to $15,080, that means a full-time minimum wage worker doesn’t make enough to get hit with income taxes.

    source

    • gamermanh@lemmy.dbzer0.com ⁨16⁩ ⁨hours⁩ ago

      An important thing to note is that 50% don’t pay federal tax, as you said here

      They still pay sales tax and taxes of that sort (which actually are significant), just not the federal income/property taxes

      source

      • medgremlin@midwest.social ⁨16⁩ ⁨hours⁩ ago

        And that’s not even getting into state income taxes, Medicare taxes, and Social Security taxes. Those all have different brackets and some states are more regressive than others. There are states like Texas that don’t have income taxes, but they make up for it by taxing everything else through things like sales and property taxes.

        Of note: sales tax is always the most regressive taxation model, and tariffs are basically sales taxes on steroids.

        source

        • -> View More Comments
    • Crikeste@lemm.ee ⁨16⁩ ⁨hours⁩ ago

      So why did you say it’s 50% when it’s 19.3%? And is that 19.3% of the 50% of americans? Because that would then make it 9.65%.

      I just don’t get what you’re getting at here. I make $30,000 a year and definitely still pay federal taxes. Or does, somehow, me getting a tax return mean that I don’t pay taxes? I’m lost.

      source

      • medgremlin@midwest.social ⁨15⁩ ⁨hours⁩ ago

        I didn’t say they paid no taxes at all, but I was explaining how the bottom 50% of earners in the country pay very little, if anything. The 19.3% is the bottom 19.3% of earners in the country, not a percentage of the bottom half.

        I would argue that if you get everything (or most of your withheld taxes) back on your return…that means that you effectively didn’t pay federal income taxes or paid very little. If you get most of your withholding back every year, you could look at how you filed your exemptions on your I-9 and increase the number to the maximum allowable. I know some people that put the maximum allowances so that no federal tax is withheld from their paycheck and they just pay the balance at the end of the year when they file their taxes instead of getting a return.

        source
      • Rampsquatch@sh.itjust.works ⁨15⁩ ⁨hours⁩ ago

        If your tax return equals what was deducted from your pay checks you effectively have not paid taxes, yes.

        source
• andybytes@programming.dev ⁨10⁩ ⁨hours⁩ ago

  Their solution is always put it on the consumer. Them prices are to high you need to cut it. Cut it…cut it…cut it. And the downward spiral continues. Straight to the singularity, the butthole of human ignorance.

  source