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A comment on The US Is a Banana Republic: The 1% Own More Wealth Than the Entire Middle Class. Parent comment

Re:The US Is a Banana Republic: The 1% Own More Wealth Than ... by kmlx on Monday October 11, 2021 @07:04AM (#28826972)
the top 1% pay 40% of all the income tax that the US government gets. the top 5% pay 60%: https://www.dailysignal.com/wp-content/uploads/FBIP-SOCIAL-0...

should they pay more than 40%? i do not know the answer to this question. a lot of people say yes because even if they pay the majority of taxes, they pay less in percentage points off their income. others say that they're paying more than their fair share (60% of taxes for just 5% of earners).

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Re:The US Is a Banana Republic: The 1% Own More Wealth Than ... by darthrupert on Monday October 11, 2021 @07:18AM (#28827054)
Yes, they most obviously should, in case their paying the actual tax percentage would cause that to happen.

We can place this question in a different way: should nations keep taking more and more debt so that the richest 0-10% don't have to pay their taxes?

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Re:The US Is a Banana Republic: The 1% Own More Wealth Than ... by consp on Monday October 11, 2021 @07:19AM (#28827059)
Except for most of the top, taxable income is not the main source of revenue. So they pay that amount on paper for the statistics, not in practice.
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Re:The US Is a Banana Republic: The 1% Own More Wealth Than ... by mybrid on Monday October 11, 2021 @07:16AM (#28827048)
Tax is only on income, not wealth.
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Re:The US Is a Banana Republic: The 1% Own More Wealth Than ... by Asdrubalini on Monday October 11, 2021 @07:22AM (#28827089)
That’s by design.
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Re:The US Is a Banana Republic: The 1% Own More Wealth Than ... by jason0597 on Thursday October 14, 2021 @09:16AM (#28863832)
Then it's time to change the design, no?
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