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One needs to look at overall tax receipts. Not just income taxes. The very wealthy primarily pay capital gains taxes and not income taxes. Also, the 36.7% figu
by yequalsx 14y ago
One needs to look at overall tax receipts. Not just income taxes. The very wealthy primarily pay capital gains taxes and not income taxes. Also, the 36.7% figure is not meaningful without knowing the percentage of wealth the very rich control.
- luminaobscura 14y agoso actually Top 10% pays more than 70% of the taxes when we also consider capital gains (because they are the ones who play with the capital) well, i think we all should be grateful for the %10, we are basically funded by them. Thank you rich folks!
- yequalsx 14y agoThe top 20% of the U.S. control 93% of the financial wealth of the country. I don't believe they pay 93% of the total tax burden.