https://x.com/GavinNewsom/status/1931177807767535857 Governor Newsom mentioned that since Californians pay the most taxes to the federal government by dollar amount (80 billion) maybe they ought to consider withholding that money. I agree! People who pay a higher dollar amount in taxes should have the right to withhold that money! Maybe we should have some sort of taxation cap! Let's start with the rich people in California.
https://www.cato.org/blog/its-tax-se...x%20payments,h ave%20been%20increasing%20over%20time.
The top 10% in the United States are paying about 1.5 trillion in taxes each year, with an effective tax rate of about 21.5%! bottom 50% on the other hand, despite earning about 1.5 trillion put together, paid a measly 51 billion or an effective rate of only 3.3%!
Time to stop freeloading off the donor class. If it applies to states it should apply to individuals and corporations too! Maybe Newsom can get started on repealing the 16th Amendment.
https://www.cato.org/blog/its-tax-se...x%20payments,h ave%20been%20increasing%20over%20time.
Data on income tax payments and estimates from the Treasury Department show that the US federal tax system is highly progressive. The top 10 percent of income earners pay more than 60 percent of all federal taxes and 72 percent of income taxes, shares that have been increasing over time.
Time to stop freeloading off the donor class. If it applies to states it should apply to individuals and corporations too! Maybe Newsom can get started on repealing the 16th Amendment.
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