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by dragonwriter 2242 days ago
> The top 20% of earners also handle close to 90% of the tax burden,

Only if you only count the income taxes, and ignore other (mostly regressive) payroll, excise/sales, and other taxes at the federal and state levels.

1 comments

Including all those taxes, the top 20% still pay 66% of all taxes.

https://theintercept.imgix.net/wp-uploads/sites/1/2019/04/ch...

The top 20% also owns 86% of the wealth, so it seems like they are still coming out ahead.
Well, they do have all the money. Besides, the 19.9% shouldn't complain to the 80%. Rather, they should complain to the 0.1% whose lobbyists write the tax code in the first place. We can be sure they had their reasons to set up this level of progressive taxation rather than some other level.