8 ms·
Except the top 1% actually earn around 20% of income (https://taxfoundation.org/summary-latest-federal-income-tax-data-2018-update/ https://taxfoundation.org/su
by sweeneyrod 7y ago
Except the top 1% actually earn around 20% of income (https://taxfoundation.org/summary-latest-federal-income-tax-data-2018-update/ https://taxfoundation.org/summary-latest-federal-income-tax-...). It should be obvious that they pay a disproportionately large share of taxes (relative to income) -- how could it be otherwise given that higher income means a higher tax rate?