3 ms·

Tax is a joke to rich people, and that’s the exact reasons economic inequality is a problem..

• missedthecue 5y ago
  In the USA, the top 1% make 20% of the income but pay almost 40% of the taxes. That seems very progressive, not a 'joke'.
  • tomjakubowski 5y ago
    Careful. The top 1% pay 40% of federal income tax, not of all taxes. Federal income tax is around half of total federal tax revenue. I also wonder, is that "20% of all income" figure 20% of all taxable income, or all declared income?
    • richwater 5y ago
      > figure 20% of all taxable income, or all declared income? Since we're baselessly speculating, it might be 100!
  • scep12 5y ago
    The top 1% by what? Income? Here's another one: the top 0.001% make 0% of the income and pay 0% of the taxes.
  • cannabis_sam 5y ago
    You, apparently, missed the cue