(estimates based on Wikipedia and Federal and State government statistics)
Myths:
Facts:
TOTAL Distribution:
Federal Income taxes:
State Distribution:
Collections of Federal and State income taxes in advance:
Sales taxes $3.2 trillion
Property taxes $3.5 trillion
Gas taxes $ .3 billion
Income taxes
Individual $1.5 trillion
Corporate $1.5 trillion
Withholding $(3.0) trillion
Net inc taxes $2.7 trillion
Top 1% 50% $(1.35) trillion
Other 50% $1.35 trillion
Total of the top taxes paid by 99% of Americans $8.35 trillion
Other taxes paid by the 99% of Americans = $6.67 trillion
Total estimated cost of taxes at State, Local and Federal level $15.2 TRILLION
(of 46 taxes on 99% 156 million individuals/304k businesses on wages) (average of $63,000 per person) of $17.6 trillion and corporate profits of $2 trillion or a total of $19.6 trillion in GDP for 2018)
Total estimated taxes paid by the 1% of wage earners (wealthy) $750 billion
Total estimate taxes paid by the top 10% wage earners ……..……….$1.35 trillion
Total estimated cost of income taxes paid by the 1% individual/corporations $2.6 TRILLION
Total cost of running the country of 330 million (less illegal aliens of 20 million) $17.8 TRILLION
A country of 330 million legal and illegal aliens is controlled by the gang of 545 *100 senators, 435 congress men, 9 supreme court justices and 1 President … The FEW running the Enterprise that’s in GAAP unrecorded debt of $124 trillion in 2019 dollars generating a $22 trillion accumulated deficit with only $17.8 trillion cash flow. The MANY, 170 million enterprising (working) Americans, are effectively paying all the bills and having no representation at the Great American Enterprise table. Not only that but the country needs funding for infrastructure repairs of $10 trillion and escalating annual health care costs of $4.5 trillion per year due to 77 million aging baby boomers, obesity, opioid addictions, poly (overdosing) pharmacy costs of $1 trillion and 28 million under insured or uninsured Americans … Obama Care alone is costing $2 trillion including add-on taxes and enforcement.
FAKE NEWS: the top 1% income earners pay 90% of the taxes … and generally, Americans are willing to pay more taxes for free health care, free education, climate change and have socialism as its government. In effect this fake news is being perpetuated by the top 1% of society who fight for status quo by voting to the left and fighting the right reasons to downsize government and up-size enterprise. Enterprise creates the opportunities with profits as unfettered government creates unaccountable fixed overhead costs. Not as the democrats say that capitalism creates the wealth and government creates the opportunities.
Jerry is a CPA who specializes in Medicare and Medicaid payment policies and procedures. He has owned a CPA firm, a management consulting firm and software development company. He also is a licensed Nursing Home Administrator in three states and owned nursing homes in those states. He, his wife and son sold them in 2015. Jerry and his wife have formed a publishing company and is now publishing his books on health care, political topics that impact health care, poetry and novels.
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