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Except that this article gives both of the relevant numbers -- the top 20% earn 51.3% of the income, but pay more than 80% of the income tax.
by ageek123 12y ago
Except that this article gives both of the relevant numbers -- the top 20% earn 51.3% of the income, but pay more than 80% of the income tax.
- vacri 12y agoWhich isn't unexpected, given that that's the whole point of marginal tax rates. It's also worth noting that high earners pay exactly the same tax on their first $X as low earners.