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That's 37% of income taxes not 37% of all taxes. Also important is those numbers will be based on the federal and reported income numbers not based on the amoun
by rtkwe 7y ago
That's 37% of income taxes not 37% of all taxes. Also important is those numbers will be based on the federal and reported income numbers not based on the amount they actually earn much of which can be shifted around to specifically avoid the top marginal rate.
- refurb 7y agoThe total tax rates are available if you google it, including state tax, sales taxes, etc. The trend is more muted (the poor pay a slightly higher percent of the total), but the rich still pay the majority of taxes and have a much higher effective rate.
- mcguire 7y agoThe total tax rates are available in the chart in the article, from the research by Emmanuel Saez and Gabriel Zucman. The rich do not have a much higher effective rate.