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> The middle class already pays most of the taxes I'm not so sure about that. The top 1% pays 37% of federal income taxes. Meanwhile, the bottom 50% paid only

by cmcd 7y ago

> The middle class already pays most of the taxes I'm not so sure about that. The top 1% pays 37% of federal income taxes. Meanwhile, the bottom 50% paid only 3% and 44% of paid nothing at all. Depending on the source you use the middle class in America is typically considered to top out at incomes between 100k and 122k. In either case the middle class pays less than half of income taxes. Then looking at the bigger picture we see income taxes only account for 60% of all taxes. Sources: https://taxfoundation.org/summary-latest-federal-income-tax-data-2018-update/ https://taxfoundation.org/summary-latest-federal-income-tax-... https://www.irs.gov/statistics/soi-tax-stats-irs-data-book https://www.irs.gov/statistics/soi-tax-stats-irs-data-book

metalchianti 7y ago
This can be misleading because it doesn't account for wealth concentration. When you realize HOW MUCH of the wealth the 1% control, 37% seems small.
- exclusiv 7y ago
  That doesn't make the statement misleading. We tax income. The middle class doesn't pay the majority of taxes. You may think there should be a wealth tax but the statement isn't misleading. The prior statement was inaccurate.