3 ms·
Not to be mean, but this is still all false conjecture and no source. The top 1% earn 19% of income yet pay 35% of all Fed Income Tax. The top 10%, 12% of earne
by wooter 11y ago
Not to be mean, but this is still all false conjecture and no source. The top 1% earn 19% of income yet pay 35% of all Fed Income Tax. The top 10%, 12% of earned, 12% of paid. The bottom 50% earn 12% but pay 3%.
And thats at the federal level. State income taxes vary from place to place, but nowhere is what you are saying true. And a state would have to apply a substantial effective negative income tax rate for high earners which is laughably unheard of.