Well, the top 25 wealth hoarding dragons paid 13.6 billion in federal income taxes in a span of 5 years. https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax
So you were likely only very mildly exaggerating that claim.
And before some class traitorboot-licker squeaks up about * the article looks at wealth which isn’t taxed, only income is taxed.* 1 that wasn’t the point & 2 you don’t need income when you have that kind of assets. But they built their wealth by massively benefiting from the society they pay so very little back to.
Probably not. Berkshire Hathaway alone is paying like $10B in taxes every year, and that’s just the income taxes of one company. Given how the article considers total taxation, you’d have to think about e.g. all the VAT taxes even the rich cannot totally avoid.
Closing all loopholes and making taxation fair is a great goal though.
That’s probably $100B more than the top 100 richest contribute.
Well, the top 25 wealth hoarding dragons paid 13.6 billion in federal income taxes in a span of 5 years. https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax
So you were likely only very mildly exaggerating that claim.
And before some
class traitorboot-licker squeaks up about * the article looks at wealth which isn’t taxed, only income is taxed.* 1 that wasn’t the point & 2 you don’t need income when you have that kind of assets. But they built their wealth by massively benefiting from the society they pay so very little back to.Probably not. Berkshire Hathaway alone is paying like $10B in taxes every year, and that’s just the income taxes of one company. Given how the article considers total taxation, you’d have to think about e.g. all the VAT taxes even the rich cannot totally avoid.
Closing all loopholes and making taxation fair is a great goal though.
Yeah just being hyperbolic.