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I guess what’s confusing for me is that the “63% of people don’t pay income taxes” line is usually trotted out to say that the rich are the only ones who pay ta
by wbsss4412 5y ago
I guess what’s confusing for me is that the “63% of people don’t pay income taxes” line is usually trotted out to say that the rich are the only ones who pay taxes and everyone is just a welfare queen or something. But it sounds like you are trying to say that it shows that tax avoidance is a real problem and that this a primarily a symptom of the rich being able to hire tax evasion specialists.
If that’s the case then there’s no disagreement from me.
- SquishyPanda23 5y agoAh okay, that makes sense then. Sorry about my confusion. I don't know the motives of the original poster. Since the article was about how the top 10% own ~ 90% of the stock, I assumed the relevance of the income tax figure was that it was related to its impact on wealth inequality.