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The wealthier are paying a lower percent of their wealth/income, it's just they make so much more than the masses it doesn't matter. Should think of the margin
by bomb199 9y ago
The wealthier are paying a lower percent of their wealth/income, it's just they make so much more than the masses it doesn't matter.
Should think of the marginal utility of their funds. If a $20,000 a year person pays $5,000 - it's much worse than a $10,000,000 paying $100,000.
- refurb 9y agoAgain, not true. Look at the effective tax rates. The lowest quintile pays single digit percentage (negative income tax when you account for the EITC). Top quintile pays an effective rate of over 30%.