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by rich_sasha
167 days ago
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The total tax intake is fairly unambiguous. Personal tax bill for the vast majority of people is also quite clear. But when you get to the top 0.1% or whatever it is, things like "income" and "tax" get ambiguous. I suppose a lot of the ultra rich don't have much earnings, at best cap gains, and even that can be offset, boxed and off-shored ad nauseam. Maybe instead of looking at the ultra rich we could look at what GDP fraction the "bottom 95%" contribute to the tax burden - is that more or less than before. Not sure where to look for this data but sounds like a nice little exercise. |
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But the denominator isn't "income", it's GDP. That's far harder to "offset, boxed and off-shored ad nauseam".