Biden’s US National Debt
National Debt Clock: What Is the National Debt Right Now? (pgpf.org)
$34+Trillion
$102,000+ per US Person
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Newsome’s California Debt
California facing historic $68 billion budget deficit (youtube.com)
$68-Billion just adjusted UP to $73-Billion and counting in Red
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Biden, Newsome and Democrats have no issues or concerns with the debt their governments have placed upon their current and future citizens.
Bringing in 12-million illegal immigrants is adding major additional costs-taxes upon the taxpayers with no end in sight.
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A new Tax Policy Center analysis finds about 72.5 million households, or roughly 40 percent, will pay no federal income tax this year.
(not clear if that includes our 12+Million Illegal Immigrants)
TPC: The Number Of Those Who Don’t Pay Federal Income Tax Drops To Pre-Pandemic Levels | Tax Policy Center
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Income Tax Data, 2023
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In 2020, taxpayers filed 157.5 million tax returns, reported earning nearly $12.5 trillion in adjusted gross income (AGI), and paid $1.7 trillion in individual income taxes.
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The average income tax rate in 2020 was 13.6 percent.
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The top 1 percent of taxpayers paid a 25.99 percent average rate, more than eight times higher than the 3.1 percent average rate paid by the bottom half of taxpayers.
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The top 1 percent’s income share rose from 20.1 percent in 2019 to 22.2 percent in 2020 and its share of federal income taxes paid rose from 38.8 percent to 42.3 percent.
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The top 50 percent of all taxpayers paid 97.7 percent of all federal individual income taxes, while the bottom 50 percent paid the remaining 2.3 percent.
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One might guess that there are lots of Democrats in the top 50%, however, clearly any Democrat Politician looking at this data would conclude that Fat Cat Republicans aren’t paying enough (fair share) taxes! We'll hear all about that for this year's election.
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Also, California’s ProRating of Electricity Rates is same as ProRating Taxes.
Reality: there just aren’t enough rich folks to pay for everything!
After we’ve cleaned out The Fat Cats ---- then what?
Something about the goose and the golden egg perhaps?
Did you all see Doctor Zhivago?
http://roanokeslant.blogspot.com/2024/02/massive-california-electricity-rates.html
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