This is an I-Heart podcast.

Guaranteed Human.

It's that time.

Lock and load.

The Michael Derry Show is on the air.

Because if you do trust it, there's no reason you can't keep that $35,000.

What did you say?

35,000. 35,000. All of it. All of it? Every penny. You better start making sense. If you want to keep all that money, give it to your wife. The IRS allows a one-time only gift to your spouse for up to $60,000. Tax-free. Tax-free. IRS can't touch one- one. We have people that are dying. They're paying tax and they don't have the money to pay the tax. You know, in the old days, 1890, 1880, we had so much money. They had to set up committees, blue ribbon committees, how to spend that wealth. Well, it's tax day. We had no idea how to spend it with so much money. Democrats continue pushing the lie that the, quote, wealthy don't pay their share in the hopes of more income redistribution.

Here are the numbers.

The top 1% of income tax filers in 2022 contributed 40.4% of the revenue.

This is the top 1%. The top 10% of filers contributed 72%.

The top quarter contributed 87.2%.

And that's of filers.

There are a lot of people who don't even file.

From the Wall Street Journal.

Compare that with the bottom half of filers.

76.9 million returns in 2022.

They paid 3% of income tax revenue.

Their average rate was 3.7%.

Those percentages also are an overstatement because refundable credits are categorized as spending and aren't reflected in the IRS data.

The Treasury Department's Office of Tax Analysis estimates average income tax rates are effectively negative for the bottom 40%.

In other words, the U.S. system is already highly progressive, which is where you tax more as they go higher, is already

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