Re:International Entrepreneur Rule
by robotresearcher on Saturday January 14, 2017 @05:59PM
(#13401117)
The data you link to shows that the top 5% income people pay 58.55% of all taxes, while the the top 50% pay 97.22%, as you indicated.
So as a simple-language summary we might all agree that the rich pay a majority of the taxes, while the richer half of the country pays nearly all the taxes.
The richer half of the country _own_ 97.5% of the wealth. ( http://www.businessinsider.com/15-charts-about-wealth-and-in... ). It is hard to not pay nearly all of the taxes in that situation.
Note that the "richer half" starts at the median income. For the US, the median income is about $52k. That isn't particularly wealthy. When the bar for "nearly all the wealth" is set at that point, it is not surprising at all.
http://taxfoundation.org/article/summary-latest-federal-inco... Shows the top 50% paying nearly all the taxes. That is a far cry from the rich.