Earlier quoted context omitted.
Volume and proportion are not the same thing. 50% of net is very easy when you have >10% of all wealth. No super rich individuals are taxed at 50% either of their net income either (if they are they are doing their taxes themselves and their lawyer is a fool), it is more common for ultra high wealth individuals to pay less than 10% of their net earnings.
I see your point, but don't forget that almost 50% of Americans don't pay any federal tax at all.[1] In fact some of them get EITC, so they are getting free money from the government on top of keeping all of their salary. So my question still stands, what would be a fair breakdown of tax burden? Top 1% pay 100% of all income taxes? 90%? I'm not trying to start an argument, I'm asking an honest question. Unless we kno…
Re: Overworked? Good habits, not holidays, are the answer
#191Sales tax is still tax. While they don't personally hand the money to the government it is still coming out of their money. I am not qualified to talk about how the US tax system fits together but I assume that 50% is paying some form of land tax through local government fees that are passed on as an increase in rent. I would also assume they drink or smoke (pretty hefty taxes there too). Consider also that fees are pretty much tax by any other name (they are government revenue), there is a rather large fee to cancel US citizenship.