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After quick googling I could not find any definitive info about how much taxes top 0.1% pays, but from [3] and [1] above I can assume it's a bit more than 18% o
by AlexTWithBeard 5y ago
After quick googling I could not find any definitive info about how much taxes top 0.1% pays, but from [3] and [1] above I can assume it's a bit more than 18% of total federal income tax.
> making sure everyone has access to essentials including healthcare
Even in USA with notoriously awful healthcare system pretty much everyone does have access to healthcare. It's expensive and stuff can be improved, but if anything that should reduce public expenses, not increase them.
> severely limit campaign donations, political advertising, lobbying etc
The other side of this coin is political populism. "We'll tax all fat cat businesses to death!" - say politicians. "Oh, Yeah!" - says the crowd. "Fuck you, we quit" - say businesses.
[3] https://fairtax.org/articles/income-taxes-on-the-top-0-1-percent-weren-t-much-higher-in-the-1950s https://fairtax.org/articles/income-taxes-on-the-top-0-1-per...