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The top 1% of americans are about 3 million people and have an average income of 1 million. They already account for just short of half of all income taxes. Ev
by mseebach 10y ago
The top 1% of americans are about 3 million people and have an average income of 1 million. They already account for just short of half of all income taxes.
Every time you want to raise enough revenue to give the 99% another $1,200 ($100/month), you need to raise taxes on each single member of the 1% by $120,000. And that's on average incomes of a million.