3 ms·
The very top of the bracket (0.1%) is the one paying proportionally far less than the rest of the upper class, given their access to all sorts of accounting tri
by Daishiman 9y ago
The very top of the bracket (0.1%) is the one paying proportionally far less than the rest of the upper class, given their access to all sorts of accounting tricks and exemptions that you have when you are making money from capital gains or when you have tons of active assets to shuffle money around.
- refurb 9y agoDo you have data to back that up? From what I've seen, the top 0.1% pay a far larger share of taxes than the rest. Based on federal gov't data on total taxes paid, the top 0.01% (even higher income than you 0.1%) pay over 20% of all taxes with an average rate of over 49%.[1] [1]https://news.ycombinator.com/item?id=15573269 https://news.ycombinator.com/item?id=15573269