News for hackers. Stuff that matters.
Re:For the first time on record, the 400 wealthiest American... by refurb on Monday October 07, 2019 @05:58PM (#21186416)
The percent of all taxes paid by the bottom 50% has been going down for the last few decades.
Re:For the first time on record, the 400 wealthiest American... by ekimekim on Monday October 07, 2019 @10:48PM (#21188187)
That's an indicator of wealth inequality, no? The top 50% are paying less as a % of their income, but because their income is rising faster (relative to the bottom 50%) than their total tax rate is falling, they end up paying more in total, mainly because the bottom 50% have less to give.
Re:For the first time on record, the 400 wealthiest American... by secabeen on Monday October 07, 2019 @07:54PM (#21187265)
Is that the case if you include payroll taxes? (We could include sales tax too, but those are usually state and local, so we'd then have to add state income tax, and possibly property tax, and that would get complicated)