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A comment on Harvard's response to federal government letter demanding changes. Parent comment

Re:Harvard's response to federal government letter demanding... by twoodfin on Monday April 14, 2025 @07:16PM (#43687331)
https://www.pewresearch.org/short-reads/2023/04/18/who-pays-...

For one thing, many plumbers do make it to the 1%: Trades are a profitable line of work for the industrious.

But the median 1%’er is paying 3-4X the effective rate of the overall median earner.

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Re:Harvard's response to federal government letter demanding... by CursedSilicon on Monday April 14, 2025 @08:13PM (#43687699)
So if they're earning 50x as much, why are they only paying 3-4x the tax?
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Re:Harvard's response to federal government letter demanding... by WalterBright on Monday April 14, 2025 @08:31PM (#43687799)
>> is paying 3-4X the effective rate > why are they only paying 3-4x the tax?

You have conflated the tax rate with the tax amount.

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