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mntleo2

(2,535 posts)
10. Institution on Taxation and Economic Policy
Mon Jan 22, 2024, 05:11 AM
Jan 2024

If you REALLY want to know where your tax dollars are going this website, which has been around for at least a couple decades, this is the place you may want to check out. https://itep.org//
It goes state by state and breaks down who is paying taxes, who is not paying taxes and take in account corporate as well as groups of individual taxes by economic class.

Incidentally, according to the ITEP, in every single state the poorest of the poor make the greatest sacrifice in paying their taxes. So NOBODY should be upset that they "pay too much" because all other classes are living off the poor and their families in order not to pay as much themselves so they do not pay as much unless they are from the least among us. In my state (Washington), the poor pay about 14% of their incomes in taxes, but the poorest among us pay upwards of 15-19% of their income in taxes. Meanwhile one of our residents, one of the richest men in the world, Bill Gates, pays less than 4% of his $biilions. If he were to pay the percentage a welfare mom pays in our state, his fairly paid taxes alone would raise our state completely out of debt ~ and he is but one of three of the richest men in the world in my state.

Check your state out here: https://itep.org/whopays-7th-edition/. To show I am not making any of this up check out my state here, which is the most regressive taxed population in the nation; https://itep.org/whopays/washington-who-pays-7th-edition/ . Boeing pays ZERO taxes here, as they have not paid a single dime in decades, the same with the Nordstroms.

So if you are from the upper classes, stop feeling sorry for yourselves. Your local poorest always makes a greater sacrifice for your state than you ever thought.

Just my 2 cents. Cat in Seattle

Can't be repeated often enough Orrex Jan 2024 #1
KNR and bookmarking. niyad Jan 2024 #2
I agree with the sentiment, but the numbers appear off. SunSeeker Jan 2024 #3
You linked to the same "meme" posted on both Abolishinist Jan 2024 #4
I post the flickr one in case someone doesn't get Threads. applegrove Jan 2024 #6
The person who posted it on Threads said it was extracted from this CBO link: SunSeeker Jan 2024 #8
Thanks! As you say, who knows where they got their numbers? Abolishinist Jan 2024 #19
Excellent messaging for Dems to use --but not certain of reliability of source of info, so I'm just rec'ing this type of diva77 Jan 2024 #5
These last comments illustrate another difference between us and the Repubs. They read stuff (or, more likely.... RussellCattle Jan 2024 #7
It seems to track this piece by Robert Reich: SunSeeker Jan 2024 #9
+1 Emile Jan 2024 #15
Institution on Taxation and Economic Policy mntleo2 Jan 2024 #10
Thanks for rounding out my OP. applegrove Jan 2024 #11
Corporate socialism Emile Jan 2024 #12
Those two words could go far. Can I put them in the tittle of my op? applegrove Jan 2024 #13
Please do! Emile Jan 2024 #14
What is the basis of this? I mean, I don't even know what "$1600 to offset corporate loopholes" means Takket Jan 2024 #16
You and I have to make up the difference in the taxes that corporations avoid through loopholes in the tax code. progressoid Jan 2024 #18
My fav CBO graph orthoclad Jan 2024 #17
That's it right there folks senseandsensibility Jan 2024 #20
Latest Discussions»General Discussion»(Corporate socialism) In ...»Reply #10