5 ms·
Feels like the real interesting figure is that average americans seem to have ALL OF THEIR INCOME GROWTH taxed away: > It’s a completely different picture for
by wonder_er 5y ago
Feels like the real interesting figure is that average americans seem to have ALL OF THEIR INCOME GROWTH taxed away:
> It’s a completely different picture for middle-class Americans, for example, wage earners in their early 40s who have amassed a typical amount of wealth for people their age. From 2014 to 2018, such households saw their net worth expand by about $65,000 after taxes on average, mostly due to the rise in value of their homes. But because the vast bulk of their earnings were salaries, their tax bills were almost as much, nearly $62,000, over that five-year period.