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Re:Top 20% pay 95% of taxes by Synaesthesia on Friday October 27, 2017 @10:07AM (#15568365)
And yet they keep getting richer. One of the reasons is what the tax income is spent on. For example military expenditure benefits primarily elites and high tech business not so much the general population.
Re:Top 20% pay 95% of taxes by zanny on Friday October 27, 2017 @10:49AM (#15568888)
The rich getting richer are not accumulating wealth under taxable income. I absolutely agree to an extremely high top income tax bracket where you effectively cap salaried and paid compensation but anyone legitimately rich is making money off of money through capital gains, not through labor.

The problem with income tax in the US is that there are two classes of people - labor and owners - and owners are taxed substantially less at all tax brackets than labor, and have much less progressive taxation, and have never had limits put on the amount of money they can make through ownership. On purpose.

No wonder the rich only get richer, the fundamentals of the tax system are setup to bias everything in their favor.

Re:Top 20% pay 95% of taxes by mi100hael on Friday October 27, 2017 @10:15AM (#15568487)
Ok, but that's moving the goalposts in a discussion regarding income tax reform.