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The data you link to shows that the top 5% income people pay 58.55% of all taxes, while the the top 50% pay 97.22%, as you indicated. So as a simple-language s
by robotresearcher 10y ago
The data you link to shows that the top 5% income people pay 58.55% of all taxes, while the the top 50% pay 97.22%, as you indicated.
So as a simple-language summary we might all agree that the rich pay a majority of the taxes, while the richer half of the country pays nearly all the taxes.
- shagie 10y agoThe richer half of the country _own_ 97.5% of the wealth. ( http://www.businessinsider.com/15-charts-about-wealth-and-inequality-in-america-2010-4?op=1 http://www.businessinsider.com/15-charts-about-wealth-and-in... ). It is hard to not pay nearly all of the taxes in that situation. Note that the "richer half" starts at the median income. For the US, the median income is about $52k. That isn't particularly wealthy. When the bar for "nearly all the wealth" is set at that point, it is not surprising at all.
- Chris2048 10y agoJust 'wealth' take into account the value of the commons? Or just private resources?