11 ms·
This is my complaint too. People rant about the rich “paying their fair share”, but the problem here isn’t the tax rate applied to the rich, it’s that they don’
by larrywright 8y ago
This is my complaint too. People rant about the rich “paying their fair share”, but the problem here isn’t the tax rate applied to the rich, it’s that they don’t pay anywhere near it.
- gnicholas 8y ago> People rant about the rich “paying their fair share”, but the problem here isn’t the tax rate applied to the rich, it’s that they don’t pay anywhere near it. Yes, but the rich nonetheless pay the lion's share of income taxes: The share of income earned by the top 1 percent of taxpayers rose to 20.6 percent in 2014. Their share of federal individual income taxes also rose, to 39.5 percent. from https://taxfoundation.org/summary-latest-federal-income-tax-data-2016-update/ https://taxfoundation.org/summary-latest-federal-income-tax-...
- cannonedhamster 8y agoAnd they receive the lion's share of benefits from getting privileged access to legislators, better policing, lighter sentencing in the rare case they are charged with an infraction. The poor basically get scraps, no legislative voice, higher risk of death by police, higher rate of incarceration, and basically all the worst parts of America. The rich are doing just fine, seeing as we're effectively in the second gilded age.