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by Lagged2Death 3243 days ago
...the top 20% of earners shoulder 84% of the tax burden of the federal government[1]. Where does that number need to be in order to silence the socialist rabble-rousers? 90%? 95%?

"Percent of income tax burden landing on top 20% of income earners" isn't a figure anyone is particularly interested in engineering or specifying for it's own sake. Where do you think it "should" be, and how can you justify it?

This is an emotional, not a rational appeal: "Won't someone think of the well-looked-after?"

The top 20% of earners earn more than half of the earned income that exists to be taxed. You could increase taxes on the rest quite a lot without actually collecting much.

Honestly I thought my household was in the top 20%. I was going to write that sometimes our financial situation feels tight, but that taxes aren't really the reason. But it turns out I was wrong; in 2015 we were probably third quintile. Should make it to fourth quintile this year.

I suspect a lot of people think they're higher on the ladder than they are. It's hard to percieve just how high the ladder goes.

http://www.taxpolicycenter.org/statistics/household-income-q...