5 ms·
This stat is disingenuous when used out of context. The bottom 45% still pay SS/payroll taxes, which is quite regressive due to the $127k cap. When you consid
by biddit 7y ago
This stat is disingenuous when used out of context. The bottom 45% still pay SS/payroll taxes, which is quite regressive due to the $127k cap. When you consider that along with consumption and property taxes, their effective rate of taxation is still moderate.