Americans Enraged About Billionaires Who Almost Pay Zero Federal Income Taxes


Image source: Odd humour

Every person in America that has a business or is employed is required to pay a portion of their income to the IRS. This is called federal income tax. Even employees earning minimum wage have a certain rate they need to pay, as long as they have income. Since the explosive news from a website called ProPublica, Americans are now aware that the country’s wealthiest have found loopholes in the law that allow them to avoid income taxes. We may remember a similar conversation last year when Americans found out that Former President Trump paid only about $750 in Federal income taxes. This year, all eyes are on American billionaires since they pay almost zero federal income taxes.

Here’s what the internet has to say about that:

We must tax the rich

We may all pay higher federal income taxes than billionaires

Question the system!

Loopholes does not make it fair

Why audit low-income Americans?

Billionaires only take earnings on their wealth when it suits them

A bit hard to understand but it’s a smart move

Billionaires be like: WHEW!

Image Source: Dopl3r

Also read: Events in the US You Shouldn’t Miss For Father’s Day


Anne

Civil Engineer by profession, Writer by passion. Serving readers since 2014 on different niches like Science, Current Events, Tech, and Travel.

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