04-11-2025, 02:39 PM
They've got to find a way to pay for those unnecessary tax cuts heavily biased towards the wealthy.
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It doesn't seem to have been an issue in the past, to "pay" for a tax cut?
Top earners pay more to begin with so of course they get a larger amount of any cut.
The AI response:
In 2022, the bottom half of taxpayers earned 11.5 percent of total AGI and paid 3 percent of all federal individual income taxes. The top 1 percent earned 22.4 percent of total AGI and paid 40.4 percent of all federal income taxes.
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It doesn't seem to have been an issue in the past, to "pay" for a tax cut?
Top earners pay more to begin with so of course they get a larger amount of any cut.
The AI response:
In 2022, the bottom half of taxpayers earned 11.5 percent of total AGI and paid 3 percent of all federal individual income taxes. The top 1 percent earned 22.4 percent of total AGI and paid 40.4 percent of all federal income taxes.