the 1% only earns 20% of the US taxable income yearly? I didn’t know that. When you say consumption tax, do you mean a VAT? What else? What percentage VAT do y

the 1% only earns 20% of the US taxable income yearly? I didn’t know that. When you say consumption tax, do you mean a VAT? What else? What percentage VAT do you see working in America? 10%? 15%? Somebody making $200k/yr pays ~$41k/yr in federal income taxes. To be more in line with European rates, how much more should they pay? Another $20k/yr? Double?