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A comment on USA Facts – Federal, state, and local data from government sources. Parent comment

Re:USA Facts – Federal, state, and local data from governmen... by danielvf on Tuesday April 18, 2017 @01:34PM (#14140930)
In 2015, the top 20% paid 84% of collected income tax. That would hardly qualify as little taxes.
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Re:USA Facts – Federal, state, and local data from governmen... by vkou on Tuesday April 18, 2017 @06:57PM (#14143790)
They also own 88% of the country's wealth. And collect 65% of the country's income. (More if you include investment gains.) Pardon me if I don't shed too many tears. [1]

Increasing taxes on them would hardly qualify as hardship. The utility of a dollar is much lower when you have ~$300,000 in savings (80th percentile), then when you have ~$300 in savings (20th percentile).

Related anecdote: With an annual income of ~$250-300,000, my net tax rate, including untaxable benefits and investment income is the same as that of my partner - who makes ~$30-40,000. If I had an income of $2,500,000, it would be substantially lower.

[1] https://en.wikipedia.org/wiki/Wealth_inequality_in_the_Unite...

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