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| ▲ | kube-system an hour ago | parent | next [-] |
| And for reference, here's what kind of incomes those percentiles are: Top 50%: $53k/year Top 25%: $93k/year Top 10%: $155k/year Top 5%: $210k/year Top 1%: $450k/year |
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| ▲ | WarmWash 2 hours ago | parent | prev | next [-] |
| Please delete this comment before it bankrupts half of click-bait driven media outlets. |
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| ▲ | wat10000 2 hours ago | parent | prev [-] |
| Focusing on a single tax is silly. We should look at all taxes paid across all levels of government. Federal income tax is one of the most progressive taxes out there, so of course that's what people focus on when they want to make the point that wealthy people are being sacrificed to the altar of taxation. If you look at all taxes, the share paid is remarkably close to the share earned. According to https://itep.org/who-pays-taxes-in-america-in-2024/, in 2024, the top 1% earned 20.1% of income while paying 23.9% of taxes. The bottom 20% paid 1.5% of taxes while earning 2.6% of income. |
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| ▲ | giantg2 2 hours ago | parent [-] | | This seems to show the same gradation but with less magnitude. Was there some other point you were making? | | |
| ▲ | wat10000 an hour ago | parent [-] | | It’s way less, is the point. Top earners pay just a little more than their share of income. The tax system as a whole is nearly flat. |
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