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by triceratops 30 days ago
> The top 5% richest people in America account for 60% of all of the federal income tax

I see this repeated all the time and it's worthless without context. What percent of all income do the top 5% earn? What's their share of national wealth?

1 comments

It’s a stupid thought-terminating quip entirely centered around a superficial “one number bigger than other” gotcha.

We live in a society where the wealthiest have orders of magnitude more wealth than everyone else. The taxes they pay are not proportional to that wealth, period.