3 ms·
> The truth is more like "the rich pay most of the taxes." By itself, this doesn't really mean much; it certainly doesn't address "fairness". For example, even
by mahogany 3y ago
> The truth is more like "the rich pay most of the taxes."
By itself, this doesn't really mean much; it certainly doesn't address "fairness". For example, even in an inverted regressive tax system, the rich could still pay the most in taxes. This is simply because they earn the most money. And the larger the ratio between rich and poor, the easier it is for the rich to pay the most in taxes, yet still not be affected as substantially by taxation.
Take an extreme example to illustrate: there are 9 earners making $100 per year and 1 earner making $10,000 per year. If the tax rate were 90% for the low-earners and 10% for the high-earner, the high-earner would still pay the most in taxes (more than 50% of total revenue), but few would call this system "fair".