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AMP visit vs Coronavirus concern
- Thread starter Fortheadventure
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Police and fire pensions are by far the highest. Blame binding arbitration. Padding last years not as easy to do anymore. Teachers cash out days belong to them they weren’t used and are part of their wage package. If they didn’t use them you think they should donate back to city? People who work for hourly wages for 20-30 years will never bankrupt this city. The people who’s income you will never fathom that pay little or no tax because the rich write the tax laws for their benefit. Private sector get screwed and blame municipal workers is the greatest trick the rich have done
Per the below: The top 1 percent paid a greater share of individual income taxes (37.3 percent) than the bottom 90 percent combined (30.5 percent). The top 1 percent of taxpayers paid a 26.9 percent individual income tax rate, which is more than seven times higher than taxpayers in the bottom 50 percent (3.7 percent).
The Rich pay lots of taxes. Some Rich, those without much earned income, don't seem to pay a lot of taxes because of qualified dividend income and using capital losses to offset capital gains. The latter is actually a good thing for Society because it helps to incentivize the Rich to take risks.
The thing about municipal workers is they often get a far better deal than the average joe (who has no public-sector union looking out for them). That plus, they are financed by property taxes, which leaves the rest of us butthurt. I actually don't have trouble with paying it for police and firemen because they do put their lives on the line. Teachers are another matter. My personal experience is that they are the whiniest, most over-privileged & pampered bunch I've ever met. And I know for a fact a lot of them don't work that hard and do a shitty job educating kids. Especially today when many of them pass kids simply for showing up. I do feel sorry for teachers working in tough inner-city schools, but a lot of them adapt by just mentally checking out. I also think public-sector unions should be illegal.
https://taxfoundation.org/summary-latest-federal-income-tax-data-2018-update/
The Rich pay lots of taxes. Some Rich, those without much earned income, don't seem to pay a lot of taxes because of qualified dividend income and using capital losses to offset capital gains. The latter is actually a good thing for Society because it helps to incentivize the Rich to take risks.
The thing about municipal workers is they often get a far better deal than the average joe (who has no public-sector union looking out for them). That plus, they are financed by property taxes, which leaves the rest of us butthurt. I actually don't have trouble with paying it for police and firemen because they do put their lives on the line. Teachers are another matter. My personal experience is that they are the whiniest, most over-privileged & pampered bunch I've ever met. And I know for a fact a lot of them don't work that hard and do a shitty job educating kids. Especially today when many of them pass kids simply for showing up. I do feel sorry for teachers working in tough inner-city schools, but a lot of them adapt by just mentally checking out. I also think public-sector unions should be illegal.
https://taxfoundation.org/summary-latest-federal-income-tax-data-2018-update/
You link is not the official I.R.S...and it's dated 2018....
Wages grew 3.7% for the top 1%, but only 1% for the bottom 90% of the population. Note that these data are about wages, not an income as a whole; they do not include investment income, for example, which is not part of Social Security data.
I believe your data is based on wages only
Jeff Bezos pays very little tax or if any at all...numbers are easily found on Google..Warren Buffett gave an interview a few years ago saying that it's a shame that his secretary pays more income tax then he does..
Wages grew 3.7% for the top 1%, but only 1% for the bottom 90% of the population. Note that these data are about wages, not an income as a whole; they do not include investment income, for example, which is not part of Social Security data.
I believe your data is based on wages only
Jeff Bezos pays very little tax or if any at all...numbers are easily found on Google..Warren Buffett gave an interview a few years ago saying that it's a shame that his secretary pays more income tax then he does..
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