The Rich Don't Pay Their Fair Share' and 4 Other Tax Myths That Won't Die Post #773246 • Liberal Forum

Fuelman » 16 Apr 2026, 1:37 pm » wrote: ↑
16 Apr 2026, 1:37 pm
Someone will definitely have pouty lips and say some stupid **** about percentages!

I put this in AI to fact check. It gave it a C-. That kind of sucks. I mean, it's better than flunking I guess, but it is nothing to brag about either.

This post mixes a few real numbers with stale data and a lot of spin.Yes, high earners pay a large share of federal income taxes. But the latest IRS-based figures are about 38.4% for the top 1%, 70.5% for the top 10%, and 3.3% for the bottom 50%—not the exact numbers claimed here. More importantly, that is federal income tax only, not the full tax system people actually live under, which also includes payroll, state, and local taxes. (National Taxpayers Union)The line that America has “the most progressive income-tax system in the developed world” is also recycled from an older OECD-based claim about a narrow measure, and even analysts discussing that finding warned it should not be treated as a broad present-day verdict on the whole U.S. tax system. (Center on Budget and Policy Priorities)On the deficit: yes, even confiscating all billionaire wealth would not erase the projected federal deficit. CBO’s current baseline puts 2026–2035 deficits at about $23.1 trillion. But that does not prove that taxing high incomes can never reduce deficits; it only proves that one dramatic one-time wealth grab would not solve the whole problem by itself. (Congressional Budget Office)And “corporations don’t actually pay taxes” is a slogan, not a fact. Corporations do pay taxes legally; the real debate is who ultimately bears the burden. Even CBO’s own allocation splits that burden 75% to capital and 25% to labor, which is a lot more nuanced than “workers pay it all.” (Congressional Budget Office)The strongest point in the post is the one about double taxation of C-corporate income. That part is real: Tax Policy Center shows corporate income can be taxed once at the corporate level and again at the shareholder level, producing a combined federal burden near 39.8% for top-bracket shareholders. (Tax Policy Center)So the honest summary is: this post is not pure fiction, but it is also not a clean statement of fact. It blends accurate ideas, outdated statistics, and ideological overreach, then presents the whole thing as settled truth. (National Taxpayers Union)

Blackvegatble's hypcorisy summed up in one post: [/size]
Blackvegetable » 7 minutes ago » wrote: ↑7 minutes ago
Very simple questions...

From which you are running...