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by nazgulnarsil 5348 days ago
Spending years and tens of thousands of dollars studying things no one is interested in isn't normal, but in the American middle class it is.

the top 1% of earners pay 38% of all income tax while earning 27% of all income. The top 50% pay 97% of all income tax.

Broken windows fallacy, broken window fallacy and zero-sum thinking everywhere in this whole debate.

1 comments

if you downvote me enough maybe it won't be true!
Your comment is a commonly claimed statement, which hides many points.

How much of the income does the top 50% get? Without that, your figures are useless.

Just concentrating on income tax hides the fact lower earners tend to spend a higher proportion of their income on other taxes (such as sales tax).

ycombinator is not the place to repeat poorly researched, often quoted and misleading statistics, without a proper discussion of how they effect the current discussion. Sorry.