2 ms·
That's how a progressive tax system works. The poor pay fewer taxes, because as is well documented elsewhere, ordinary life taxes them at a higher rate than the
by vannevar 11y ago
That's how a progressive tax system works. The poor pay fewer taxes, because as is well documented elsewhere, ordinary life taxes them at a higher rate than the wealthy. At the other end of the spectrum, the wealthy earn additional income much more easily, so they are taxed at a higher rate. What's astounding is not the 160% ratio of tax share to income share for the wealthy, but the 2800% ratio of their income share to their population share. This illustrates just how powerful the "rich-get-richer" rules of our economy are in transferring money from the poor to the wealthy.