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Above a couple of hundred thousand dollars a year or so, the percentage starts going down because the income comes from stocks etc.
by kelipso 2y ago
Above a couple of hundred thousand dollars a year or so, the percentage starts going down because the income comes from stocks etc.
- sokoloff 2y agoA lot of poor people pay literally no federal income tax. (Just over 40% of households pay no federal income tax.)
- kelipso 2y agoSure, you still have people making a million dollars pay less in percentage income tax than people making $200k.
- sokoloff 2y agoAnd people who make $200K and $1M/yr are both paying a higher rate than actual poor people. Unless you're arguing that someone making $200K/yr is in the category of "poor" in which case it would pay to be explicit, because that's not going to be the most natural interpretation for most people.
- kelipso 2y agoLol maybe but when I see rich people I definitely think more than $300k.