3 ms·
Your hypothetical is not the case (as you can see in one of the graphs in the article). I don't know what "fair share" means exactly, but the 3% in question ma
by harryh 8y ago
Your hypothetical is not the case (as you can see in one of the graphs in the article).
I don't know what "fair share" means exactly, but the 3% in question make far less a % of national income than they pay in income taxes.
- coldtea 8y agoMy hypothetical was an extreme example to show how this can be still fair. Besides this extreme example, you can get the 3% much lower in their share of income and still be justified for the taxes they pay. Say, a person makes 1M year and a 999999 people make 10K per year. The first person earns just 0,01% of the total income combined, but he might be the only one paying taxes if the others are below the taxable income level. So, he might pay e.g. 20% of 1M (and 100% of taxes), while he only makes 0.01% of the income -- and that could still be fair. Now add many dirt poor, many middle class, and a 3% of upper middle class, millionaires, billionaires and so on.