<story><title>The wealthiest 10% of Americans own a record 89% of all U.S. stocks</title><url>https://www.cnbc.com/2021/10/18/the-wealthiest-10percent-of-americans-own-a-record-89percent-of-all-us-stocks.html</url></story><parent_chain><item><author>skinnymuch</author><text>Key word “federal”. Why specify what specific tax it is? Does it not muddy the waters vs talking about taxes overall?&lt;p&gt;I did an anecdotal test with a few people near me. They read this as those people pay no taxes. Most people aren’t thinking about the specifics of state, federal, FICA (SS + Medicare), sales, property, and more.&lt;p&gt;I can’t think of any good faith reason this is done.</text></item><item><author>pwned1</author><text>Related: 61% of Americans paid no federal income taxes in 2020&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.cnbc.com&amp;#x2F;2021&amp;#x2F;08&amp;#x2F;18&amp;#x2F;61percent-of-americans-paid-no-federal-income-taxes-in-2020-tax-policy-center-says.html&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.cnbc.com&amp;#x2F;2021&amp;#x2F;08&amp;#x2F;18&amp;#x2F;61percent-of-americans-paid-...&lt;/a&gt;</text></item></parent_chain><comment><author>MuffinFlavored</author><text>&amp;gt; Why specify what specific tax it is?&lt;p&gt;Because the majority (50%) of the money spent by the US Federal government is mainly from federal income tax.&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.taxpolicycenter.org&amp;#x2F;briefing-book&amp;#x2F;what-are-sources-revenue-federal-government&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.taxpolicycenter.org&amp;#x2F;briefing-book&amp;#x2F;what-are-sourc...&lt;/a&gt;</text></comment>
<story><title>The wealthiest 10% of Americans own a record 89% of all U.S. stocks</title><url>https://www.cnbc.com/2021/10/18/the-wealthiest-10percent-of-americans-own-a-record-89percent-of-all-us-stocks.html</url></story><parent_chain><item><author>skinnymuch</author><text>Key word “federal”. Why specify what specific tax it is? Does it not muddy the waters vs talking about taxes overall?&lt;p&gt;I did an anecdotal test with a few people near me. They read this as those people pay no taxes. Most people aren’t thinking about the specifics of state, federal, FICA (SS + Medicare), sales, property, and more.&lt;p&gt;I can’t think of any good faith reason this is done.</text></item><item><author>pwned1</author><text>Related: 61% of Americans paid no federal income taxes in 2020&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.cnbc.com&amp;#x2F;2021&amp;#x2F;08&amp;#x2F;18&amp;#x2F;61percent-of-americans-paid-no-federal-income-taxes-in-2020-tax-policy-center-says.html&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.cnbc.com&amp;#x2F;2021&amp;#x2F;08&amp;#x2F;18&amp;#x2F;61percent-of-americans-paid-...&lt;/a&gt;</text></item></parent_chain><comment><author>Berobero</author><text>Also, &amp;quot;federal&amp;quot; here does not include not include payroll taxes, which are, nonetheless, considered &amp;quot;federal taxes&amp;quot; in any colloquial conception of the term.&lt;p&gt;Of course, in addition to the lying by omission, the true irony here is that the &amp;quot;lack&amp;quot; of &amp;quot;federal&amp;quot; taxes paid by the masses is more so a symptom of a deeply inequitable economic system than the counterbalancing endorsement of the status quo the OP likely envisions it to be.</text></comment>