this post was submitted on 16 Apr 2024
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Data is Beautiful
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You will pay far more taxes. These stats are just based on percentages. The rich pay more in taxes each year than most people will make in their entire lives. As someone who makes a ton of money and pays a crap ton of taxes, the people who make these graphics are clueless idiots.
This graphic is based on the percentage of income paid to taxes. A family making $500k a year paying a higher dollar amount than one making $50k a year is expected, but the higher earners should also be paying a higher percentage because 20% to them means a lot less sacrifice than 20% to a low income family. The sacrifice of not buying that third or fourth house is a lot less than whether the low income family goes to the doctor for a checkup.
So you want socialism. No thanks. If I earn $500k a year because I went to college and put in far more effort than someone who makes $50k a year, why should I pay multiples more in taxes than them? Someone earning $50k a year is leaching far more off society than someone making $500k. The $50k per year person buys less and pays less sales tax, they have a far smaller house and pays far less property tax. They will be much more likely to incur medical bills they can't pay. If you have a disability, great, you get assistance (or should), but if you are lazy, why shouldn't you pay the same income tax as me? I pay the tax on everything else that I consume.
Is this a joke? The wealthy consume far more of the efforts of the government than the poor.