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And if one person owned all the income, that one person would pay 100% of the nation's taxes. How unfair! The fact that the 1% can pay 40% of all taxes and sti
by david-gpu 9y ago
And if one person owned all the income, that one person would pay 100% of the nation's taxes. How unfair!
The fact that the 1% can pay 40% of all taxes and still be wealthy is an indication of how massive inequality is on the US.
- refurb 9y agoOf course it wouldn't be unfair for one person earning 100% of all income to pay 100% of all taxes! So let's see if that's happening... Top 1% pay 40% of all taxes. How much of total income do they earn? Interesting, only 21%. Looks like they already take on a much higher burden than their income alone would suggest.
- david-gpu 9y agoWhat we need to look at is their net income after taxes, and there the 1% is still doing much better than the median taxpayer. If you look at the top 0.1% earners, it's obscene, let alone the 0.01%.