Hacker News new | ask | show | jobs
by veritas20 2480 days ago
This statement is often used and is misleading without the context of income of this 1% as a percentage. So, if this 1% earns 80% of all income, then 35-40% is relatively low. I'm not sure if your intent was to mislead or just reiterate stats that you saw from some where, but please give the appropriate context and data to support you claim that this is unfair.
1 comments

Except the top 1% actually earn around 20% of income (https://taxfoundation.org/summary-latest-federal-income-tax-...). It should be obvious that they pay a disproportionately large share of taxes (relative to income) -- how could it be otherwise given that higher income means a higher tax rate?