Capitalism Is Collapsing and Nothing Is Rising to Replace It

Re:Capitalism Is Collapsing and Nothing Is Rising to Replace It by falcolas on Wednesday January 11, 2017 @10:20AM (#13374504)

The rich do pay taxes, just a smaller portion of their income as compared to your average taxpayer. But that smaller portion is leaps and bounds larger than the bigger portion paid by the average taxpayer.

I seem to recall some graph indicating that even though they pay 4-5x (or higher) lower percentage of their money in taxes, the higher amounts mean they shoulder most of the tax burdon.

I don't think the percentage difference is ultimately beneficial to society, but it's not correct to say they pay nothing.

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Re:Capitalism Is Collapsing and Nothing Is Rising to Replace It by FuNe on Wednesday January 11, 2017 @10:24AM (#13374531)

It's not that it's a big secret http://money.cnn.com/2013/03/04/news/economy/buffett-secreta...

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Re:Capitalism Is Collapsing and Nothing Is Rising to Replace It by jcranmer on Wednesday January 11, 2017 @10:39AM (#13374655)

The share of taxes paid by the rich is greater than their share of income and wealth.

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Re:Capitalism Is Collapsing and Nothing Is Rising to Replace It by cmurf on Wednesday January 11, 2017 @11:08AM (#13374897)

The chart in this article says people who make more than $250K per year are paying just over 1/2 of income tax paid.

http://www.pewresearch.org/fact-tank/2016/04/13/high-income-...

And then here, merely the top 10% of wealth holders hold 76% of the wealth, and the top 20% of wealth holders hold 85% of total wealth. The statistics are no where near what you appear to be claiming.

https://en.wikipedia.org/wiki/Wealth_inequality_in_the_Unite...

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Re:Capitalism Is Collapsing and Nothing Is Rising to Replace It by JoeAltmaier on Wednesday January 11, 2017 @10:41AM (#13374678)

Citation?

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