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The title is flamebait, the actual key point of the article is that the US (federal level) is making 51% of its revenue from the same source, which fiscally spe
by gutnor 12y ago
The title is flamebait, the actual key point of the article is that the US (federal level) is making 51% of its revenue from the same source, which fiscally speaking does seem risky. For example, other countries extract much tax from actual use of money (consumption tax)
The fact that the top 20% pays 84% of income tax is of little interest not knowing how much they make (i.e. they could make 95% of all the income or 35%), how much of a burden the tax actually is (i.e. 83% of not a lot is still not a lot)
note: I made the mistake of quickly scanning the article and then it was paywalled when I tried properly reading it, leaving just the title - which I suppose will be reused verbatim to justify all sort of fancy idiotic discussion in the weeks to come.