Hacker News new | ask | show | jobs
by varelse 2601 days ago
So I agree if a 1 percenter is paying 37.3% on their income, they are paying enough.

But that's not how it works for the top of that tier once you're living primarily off complicated capital gains and financial instruments, and it's disingenuous IMO to lump this all together.

Even my conservative (mostly) tax-hating friends are not happy seeing occasional individuals pay 5% or less, which they do, through a variety of tax loopholes and shelters. And because of this, the richest Americans, the top 0.001%, on average, pay at a lower rate than the rest of the 1%.

Source: https://www.forbes.com/sites/michaeldurkheimer/2018/03/01/0-...