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Current US tax law clearly taxes the rich more. What's more, about 85% of the taxes are paid by the top 20% [1] When people, especially socialist, claim the ri
by writepub 8y ago
Current US tax law clearly taxes the rich more. What's more, about 85% of the taxes are paid by the top 20% [1]
When people, especially socialist, claim the rich aren't paying their fair share, it's just rhetoric.
[1]: https://www.wsj.com/articles/top-20-of-earners-pay-84-of-income-tax-1428674384 https://www.wsj.com/articles/top-20-of-earners-pay-84-of-inc...
- opportune 8y ago85% of the taxes are paid by the top 20% because the bottom 80% are so comparatively poor. Note that almost 40% of taxes are paid by the top 1% - knowing what the top marginal rate is, that should tell you just how much more they make than everyone else. The article even mentions very explicitly that capitalism hinges on the state's ability to protect private property, regulate markets (tort, antitrust), and create infrastructure. Why should the people who most benefit from this system not have to contribute proportionally more?
- SamReidHughes 8y agoIt's actually the poor that benefit most from the system. They suffer most when there's weak law enforcement.
- writepub 8y agoHow exactly are the rich not contributing more, if from your own statistics, the top 1% pay 40% of the taxes, and also pay more % of their income as taxes?