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Well, yeah, that makes sense. The top 1% (3.3m people) hold over 30% of all wealth in America. The bottom 50% (over 150m people) only hold 2.5% of the wealth in
by notaustinpowers 2y ago
Well, yeah, that makes sense. The top 1% (3.3m people) hold over 30% of all wealth in America. The bottom 50% (over 150m people) only hold 2.5% of the wealth in America.
Also, how does the top 10% pay 80% of taxes but the top 1% pay 50%? I highly doubt they're paying 130% in taxes collectively...
- ceejayoz 2y agoThe top 10% are part of the top 1%; you don't sum it up. The top 2-10% presumably pay about 30%.
- megaman821 2y agoWe are taking about income tax and not wealth tax. Like this terrible article, you use them interchangeably. The authors are trying to be deceptive to push their preferred policy position.