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by bomb199 3069 days ago
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.

1 comments

Again, not true. Look at the effective tax rates. The lowest quintile pays single digit percentage (negative income tax when you account for the EITC).

Top quintile pays an effective rate of over 30%.

For some reason the bottom quintile doesn't seem to make use of offshore tax shelters quite as much, as the top quintile.

To those who have much, more will be given...

Is your statement based on fact or just how you think things work?
Can it be both?