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by bomb199
3069 days ago
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The wealthier are paying a lower percent of their wealth/income, it's just they make so much more than the masses it doesn't matter. Should think of the marginal utility of their funds. If a $20,000 a year person pays $5,000 - it's much worse than a $10,000,000 paying $100,000. |
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Top quintile pays an effective rate of over 30%.