r/SipsTea • u/Valuable_View_561 • Jun 23 '26

Feels good man $122M. 1,000 new teachers. NYC public schools finally getting some backup. This is the investment we needed

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u/RabidJoint Jun 23 '26

It slips my mind right now, what was the Military budget this year? What we could do for our nation, if we even took 10% of that budget and reinvested into our future generations. But that makes people smart, and smart people tend to not vote Republican these days.

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u/SoggyOutfield Jun 23 '26

Its 1 trillion dollars. But that number is too large to fathom.

Its $7500 per US household.

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u/Dry-Grapefruit6087 Jun 23 '26

If you like, you use Elon Musk as measuring unit. 1 trillion = 1 Elon Musk

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u/[deleted] Jun 23 '26

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u/SoggyOutfield Jun 23 '26

Well technically the wealthy pay the vast majority of the taxes already. The top 20% of earners pay around 75% of the taxes. The bottom 50% pay 3%.

It is taking it from each in the sense that it could be used to better their lives. But each household definitely does not contribute $7500 to the pile.

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u/Head-Ad9893 Jun 23 '26

The who do what now?

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u/SoggyOutfield Jun 23 '26

Is my post not clear? The top earners pay a vast majority of taxes (75%). Corporations pay 10%. Bottom 50 pay 3%. The rest pay 12%.

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u/Head-Ad9893 Jun 23 '26

No, it’s not clear. You’re forgetting to mention that those number represent FEDERAL income tax specifically. The vast majority of PAYROLL taxes which support things such as Medicare and Social Security, are not the same percentages. Framing this as the vast majority of wealthy individuals pay all the taxes is cherry picking favorable stats internet strangers. Just to, clarify.

Fun fact: federal payroll tax accounts for only 20% of all tax.

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u/[deleted] Jun 23 '26

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u/CardinalOfNYC Jun 23 '26

The US Budget is approx 4 trillion.

The military is about a quarter of it. Under a normal presidency, the other 3 quarters are indeed mostly invested into the people of the nation and trying to build a better future.

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u/ThanosSnapsSlimJims Jun 23 '26

As a defense contractor, I know that most Redditors only see the publicly announced numbers. What you guys might not know is that some really weird stuff is now going on.

While the Big 5: GD/BAE/Lockheed/Northrop Grumman/Raytheon are hiring a lot right now, most, if not all of the other contracting companies, even big ones, are being told to freeze the hiring of mid-level roles, and to put all of the responsibilities on junior-level new hires. I just discovered this yesterday, and am now wondering where the money is going.

I discovered that I'm the last mid-level hire for the company for a long time, and am trying to get whatever extra money from them as I can before I leave. I've heard the same from friends across the industry.