3 ms·
Will they become high earners? The vast majority of taxes are paid by high earners and the wealthy, with those making under ~$43,600 a year—50% of Americans—pay
by rpmisms 5y ago
Will they become high earners? The vast majority of taxes are paid by high earners and the wealthy, with those making under ~$43,600 a year—50% of Americans—paying just 3% of income taxes. (Source: https://www.heritage.org/taxes/commentary/1-chart-how-much-the-rich-pay-taxes https://www.heritage.org/taxes/commentary/1-chart-how-much-t...)
- toqy 5y agoMaybe? Certainly it must be easier to attain higher income if you're legally allowed to be and work in the country.
- brimble 5y agoExisting Medicare funding comes (mostly) from payroll taxes, not income tax, and the two work very differently. It'd be more informative to look at who's funding healthcare now, including the private portions. I doubt very much that the bottom 50% are only covering 3% of that.