Quote:
Originally Posted by Lantern2814
Funny how the left cries about "only enough money to fund the government for a month" from tariffs, yet they keep squawking about taxing the rich, which would being in a lot LESS money than that.
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Could you show your work to support that claim?
For FY2025, the U.S. government collected $2.59 trillion in individual and corporate income taxes, accounting for about 60% of its total revenue.
The top 1 percent earned 22.4 percent of total AGI and paid 40.4 percent of all federal income taxes.
That would be $1.036 Trillion (compared to $156.8 billion total in tariffs so far)
FYI, The "One Big Beautiful Bill Act cuts are most beneficial for high-income earners.
For the top 1% the new law is projected to result in an average tax cut of over $75,000 in 2026.