Why American Workers Pay Twice as Much in Taxes as Wealthy Investors

Re:Why American Workers Pay Twice as Much in Taxes as Wealth... by TheAdamAndChe on Tuesday September 12, 2017 @10:34AM (#15227560)

I'm saying there are plenty of people making $200k post-tax. Also, 7% annual returns combined with an additional $150k/yr would lead to having $6.5 million like I said.

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Re:Why American Workers Pay Twice as Much in Taxes as Wealth... by ak217 on Tuesday September 12, 2017 @10:50AM (#15227718)

To make $200K post-tax, you need to make at least $260K pre-tax. In the US, that puts you almost exactly at the boundary of the 1%.

I suppose this is a matter of your definition of "plenty of people".

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Re:Why American Workers Pay Twice as Much in Taxes as Wealth... by clort on Tuesday September 12, 2017 @02:11PM (#15229778)

There will be well over a million of the 1%ers by my reckoning (google says 122 million taxpayers), which is plenty by some reckoning..

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Re:Why American Workers Pay Twice as Much in Taxes as Wealth... by TheAdamAndChe on Tuesday September 12, 2017 @01:37PM (#15229381)

1% of 300 million is still 3 million people. That's a lot of people making a lot of money.

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Re:Why American Workers Pay Twice as Much in Taxes as Wealth... by dionidium on Tuesday September 12, 2017 @10:47AM (#15227675)

Fewer than 5% of U.S. households [0] (or about 1.5% of working-age people [1]) bring in $200k per year. This is a big country, so I guess that's still "plenty of people," but it's not ordinary.

[0] https://statisticalatlas.com/United-States/Household-Income

[1] https://www.quora.com/How-many-people-earn-200-000+-per-year...

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