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I'll take your bait: I do think 51% of all income tax is too little for the top 3% of earners, because they are paid such a large piece of the pie; you're looki
by dvtv75 10y ago
I'll take your bait: I do think 51% of all income tax is too little for the top 3% of earners, because they are paid such a large piece of the pie; you're looking at it in terms of number of people paying tax and not percentage of total income made.
Think of it this way: "The top 10% (in my country) pay 74% of all taxes," really translates to "This group makes 90% of all income and but only pays 74% of taxes."
That means that those who make 10% of the total income (again, in my country) pay 26% of taxes. It's not the top that are hurting because they're paying tax in excess of their means, they're getting off lightly.