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"Taxing the rich" and effective redistribution (and government spending in general) are two different things. In the United States, the top 1 percent of income
by cpursley 7y ago
"Taxing the rich" and effective redistribution (and government spending in general) are two different things. In the United States, the top 1 percent of income earners pay a greater share of individual income taxes (37.3%) than the bottom 90 percent combined (30.5%). The bottom 50% of earners pay about 0% in income taxes. I believe this excludes capital gains.
source: https://www.bloomberg.com/news/articles/2018-10-14/top-3-of-u-s-taxpayers-paid-majority-of-income-taxes-in-2016 https://www.bloomberg.com/news/articles/2018-10-14/top-3-of-...