Let's not forget, our entire adulthood Republicans have been working to put child rearing subsidies onto the 1040.

The EITC, CTC, ACTC, AOC, and CCC are all subsidies going to parents.

They literally passed something on a Tuesday, so that on a Wednesday they could complain that "less people are paying taxes".

And math morons fell for it.

" I'm paying for your lunch, I might remind of you of that free lunch."

In that case ... you're welcome.

I'm proud to help subsidize your family. Just don't pretend the equation doesn't show childless taxpayers help pay for your kids' upbringing.

" Still think the rich arent paying their fair share?"

If they're stating they pay all the taxes, and we're running massive deficits ... they're not paying enough.

" Facts aside......does this mean the wealthiest don't pay enough?"

Depends ... Are you claiming you're paying them all, or not?

But anyone who actually believes that, I'm more than willing to loan you money for 25 years at 2%.

Anyone interested? Or would you rather have upfront tax cuts where the money can be assumed to grow 8 to 9% per year?

" one can accept the financial reality yet agree it's still just"

Not even close.

Top incomes have spiked, and the marginal rates haven't kept up.

Now, add GRATs, and inheritances at a stepped-up basis.

The tax code has not kept up.

" You haven't mentioned payroll taxes"

Because I don't need to; folks like you are doing it for me.

But go ahead: explain to Boaz the actual equation. Let him know the vast majority of workers pay more in payroll taxes over their lifetimes than income taxes. Point out the chasm of value between a 25 yr 2% bond, and upfront cash tax cuts.

Or, you could stay silent and keep letting him get away with it.

Whatever floats your boat.

" I'll take $1M"

Apologies; I meant I'd TAKE your money for 2%.

Still in?

" I'm asking because to remove payroll taxes always skews the % paid by the wealthiest up significantly."

Excellent, Sherlock!

Let's have Boaz put up a thread that only counts payroll taxes!

"Payroll taxes are regressive. "

Medicare is regressive, but Social Security is actually super-regressive, since it disappears entirely over ~$200,000.

"folks who make less than the median line pay in total income taxes."

When we were kids, if a family paid $1000 in income taxes over the year via their W-2, they were scored as "paying taxes". If they got $100/month in welfare because they had three kids, that would be paid to them separately, and the family would still be scored as "paying taxes". Why? BECAUSE THEY PAID INCOME TAXES.

Now, a half-dozen child-rearing subsidies later, that SAME SCENARIO would be scored as "NOT paying (income) taxes"...which is A LIE. The subsidies are simply on the 1040 BY DESIGN, for the sole purpose of the talking point.

"But I'm not. I'm asking because to remove payroll taxes always skews the % paid by the wealthiest up significantly."

So...you ARE.

"The more taxes you roll into the calculation, the less the 1% pay as a total share of all taxes."

I've done an analysis, and if you ONLY COUNT inheritance taxes...

...the wealthy pay ALMOST ALL the taxes!!!

And speaking of the richest...tax guy joke:

D'you know what a Billionaire says to Congress for not repealing Grantor Annuity Trusts?

"GRATs."