Re:For the first time on record, the 400 wealthiest American...
by biddit on Monday October 07, 2019 @12:43PM
(#21182928)
This stat is disingenuous when used out of context. The bottom 45% still pay SS/payroll taxes, which is quite regressive due to the $127k cap. When you consider that along with consumption and property taxes, their effective rate of taxation is still moderate.
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