Socialists keep saying "the rich don't pay their fair share in taxes." Charles Payne just ran the actual numbers and ENDED their narrative in under 2 minutes.
The top 1% pay roughly 40% of federal income taxes while earning about 22% of the income.
The top 10% (the entrepreneurs and small business owners putting in 60-hour weeks) pay over 70% of the total taxes.
If we were to tax people based on how much they use services, the top earners would be paying close to ZERO.
PAYNE: "Be thankful we live in a country that's as progressive as it is because it's a pretty good balance right now."
FUN FACT: Elizabeth Warren called Elon Musk a "freeloader" in 2021 and said we have to "change the rigged tax code so The Person of the Year will actually pay taxes."
Musk replied: "If you opened your eyes for 2 seconds, you would realize I will pay more taxes than any American in history this year."
Musk paid $11,000,000,000 that year in taxes.
Venezuela used to be much wealthier than Poland, which was suffering under socialism. Then Poland implemented free-market and capitalist principles and enjoyed an economic boom.
Venezuela chose socialism, which brought poverty and misery to its people.
That’s the difference.
Eli Drinkwitz in the #CottonBowl celebration:
“We’re not bluebloods, we’re dirty, hardworking brotherhood that loves each other and fights for each other.”
“We’re faster, stronger, tougher than you in the 4th quarter.”
“M-I-Z”
“What the FTC is doing here is imposing a tax on merging parties in the United States,” said @AmandaWait. “They are taking the vast number of transactions that don’t create any antitrust issues whatsoever and imposing significant costs on those parties.”👎👎👎☹️☹️☹️
To haters of capitalism, know this: in 1956 it took 217 hours of work (at avg blue collar wages) to buy a refrigerator.
Today it takes 16 hours!
https://t.co/C9KfbS2xsU
Y’all must have forgot… #Southlake
-2 year starter & 31–1 record.
-Threw for 8,298 yards & 91 TDs
-Rushed for 2,953 yards & 39 TDs.
-No. 1 National ranking in 2004 after winning the 5A state championship
-5A state Player of the Year
-EA Sports National Player of the Year.