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Monkeynomics 101: Only the Rich Pay Taxes

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First published at 15:07 UTC on February 3rd, 2020.

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Note: Even if FICA taxes were not included in the Federal Taxes paid figure by the CBO it wouldn't matter because FICA taxes are only 7.65% of your gross income, which only equals $6,785.55 on a gross income of $88,700 (the 4th quintile), which is still less than the negative $10,000 effective tax.

Sources:
https://www.cbo.gov/sites/default/files/114th-congress-2015-2016/reports/51361-householdincomefedtaxes.pdf
https://www.cbo.gov/system/files/2019-07/55413-CBO-supplemental-data.xlsx
https://www.cbo.gov/system/files/2019-07/55413-CBO-distribution-of-household-income-2016.pdf
https://www.youtube.com/watch?v=qXBswFfh6AY

Background Music: Business As Usual by Causmic. Courtesy of the YouTube Audio Library.

Amazon Books: https://www.amazon.com/s?i=stripbooks&rh=p_27%3AT.+F.+Monkey

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