Don’t Fall for the Right’s Favorite Lie About Taxes

https://theintercept.com/2019/04/13/tax-day-taxes-statistics/

«You will grow old and gray waiting for conservatives to expound on the unfairness of sales taxes.»

(Looking at you, Florida.)

The favorite lie being to narrow the focus to the *federal* *income* tax and claim it’s a soak-the-rich scheme, instead of looking at the total tax picture. Social Security (FICA/OASDI) taxes are only paid on the first $140k of your income, so the rest of your $10 mil income last year? Not taxed! \o/

(At least, not subject to FICA, which is a pretty dang big chunk.)

Anyway, here’s the 2020 ITEP report: https://itep.org/who-pays-taxes-in-america-in-2020/

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