What If Andrew Yang Was Right?

Re:What If Andrew Yang Was Right? by kuzimoto on Tuesday March 17, 2020 @10:45AM (#22605269)

> The Pew Center’s analysis of IRS data showed that in 2014, people with an adjusted gross income, or AGI, above $250,000 paid 51.6% of all individual income taxes, even though they accounted for only 2.7% of all returns filed. These “wealthy” individuals paid an average tax rate (total taxes paid divided by cumulative AGI) of 25.7%.

> By contrast, while people with adjusted gross incomes below $50,000 filed 62% of all individual returns in 2014, they paid only 5.7% of total taxes collected at an average tax rate of 4.3% per person.

Source: https://www.thoughtco.com/who-pays-the-most-us-income-tax-33...

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Re:What If Andrew Yang Was Right? by taneq on Tuesday March 17, 2020 @01:12PM (#22607239)

So:

- If those with AGI above $250k paid 51.6% of all individual income taxes, what did they each pay per year in individual income tax?

- What did those with AGI above $2,500k pay? What percentage of annual revenue is that compared with someone on a decent professional wage, or on minimum wage?

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