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You should. Majority of government income tax revenue comes from the 1%. If you count corporate taxation, same would hold true + a lot of influence. It's the
by searchableguy 4y ago
You should.
Majority of government income tax revenue comes from the 1%. If you count corporate taxation, same would hold true + a lot of influence.
It's the case for US, India, and a bunch more big countries.
- mypastself 4y agoWhat conclusion can reasonably be made here? If it’s “The number of wealthy people moving abroad to avoid taxes is skyrocketing”, you’d have to show that: 1.) The change in requests is statistically significant when put in the context of the total number of such individuals 2.) Tax avoidance is the primary driver of this activity 3.) The individuals do not just acquire the passport, but actually move
- Supermancho 4y ago25% of the income tax revenue comes from the 1% [1] High-Income Taxpayers Paid the Majority of Federal Income Taxes[1] [1] https://taxfoundation.org/publications/latest-federal-income-tax-data/ https://taxfoundation.org/publications/latest-federal-income...
- robocat 4y ago> 25% of the income tax revenue comes from the 1% From your link it is ~40% - you copied the wrong number! “The top 1 percent paid a greater share of individual [federal] income taxes (38.8 percent) than the bottom 90 percent combined (29.2 percent).”
- ronhav3 4y agoUS citizens pay taxes to the IRS, wherever they reside.