News for hackers. Stuff that matters.

A comment on Limitarianism: The Case Against Extreme Wealth: Ingrid Robeyns. Parent comment

Re:Limitarianism: The Case Against Extreme Wealth: Ingrid Ro... by defrost on Friday February 02, 2024 @10:24PM (#39237271)
> and the bottom 50% of income earners as a whole pay under 3% of all federal income tax collected.

What percentage of annual cash flow in the USofA do they earn?

Is it more than 3%?

[ Parent | on HN ]
Re:Limitarianism: The Case Against Extreme Wealth: Ingrid Ro... by gottorf on Friday February 02, 2024 @10:37PM (#39237324)
According to this source[0], the bottom 50% of income earners who paid 2.32% of all federal personal income taxes collected in 2020 comprised 10.18% of the share of income. So yes, it is more.

[0]: https://www.ntu.org/foundation/tax-page/who-pays-income-taxe...

[ Parent | on HN ]