3 ms·
> In 2018: "The top 1 percent paid a greater share of the federal tax revenue (37.3 percent) than the bottom 90 percent combined (30.5 percent)." Put another wa
by g_sch 7y ago
> In 2018: "The top 1 percent paid a greater share of the federal tax revenue (37.3 percent) than the bottom 90 percent combined (30.5 percent)." Put another way - your local school would be in trouble if all you had were families on $40k sending 3 kids to public school, it's being funded by the family on $300k and sending their kid to a separate private school.
This kind of statistic would benefit from being balanced against the share of income and/or wealth held by the top 1%. Taking wealth, for example: the top 1% owns 35% of the wealth in the USA as of 2014. [0]
This proportion has been increasing over time, so even if governments were attempting to "bleed[] them dry" (I don't believe they are), they're not doing so very effectively.
[0] https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States https://en.wikipedia.org/wiki/Wealth_inequality_in_the_Unite...