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the top 1% pay 40% of all the income tax that the US government gets. the top 5% pay 60%: https://www.dailysignal.com/wp-content/uploads/FBIP-SOCIAL-04.jpg http
by kmlx 5y ago
the top 1% pay 40% of all the income tax that the US government gets. the top 5% pay 60%:
https://www.dailysignal.com/wp-content/uploads/FBIP-SOCIAL-04.jpg https://www.dailysignal.com/wp-content/uploads/FBIP-SOCIAL-0...
should they pay more than 40%? i do not know the answer to this question. a lot of people say yes because even if they pay the majority of taxes, they pay less in percentage points off their income. others say that they're paying more than their fair share (60% of taxes for just 5% of earners).
- mybrid 5y agoTax is only on income, not wealth.
- Asdrubalini 5y agoThat’s by design.
- jason0597 5y agoThen it's time to change the design, no?
- darthrupert 5y agoYes, they most obviously should, in case their paying the actual tax percentage would cause that to happen. We can place this question in a different way: should nations keep taking more and more debt so that the richest 0-10% don't have to pay their taxes?
- consp 5y agoExcept for most of the top, taxable income is not the main source of revenue. So they pay that amount on paper for the statistics, not in practice.
- deleted 5y ago[deleted]