Yes, the incomes of the wealthiest 1% account for more of a percentage of the total income in this country than they did 10 and 20 years ago. On the other hand, the percentage of all taxes they pay (income taxes, payroll taxes, etc.) has also gone up. Right now, for instance, the wealthiest earn 15.6% of total US income, and pay 27.6% of the total tax bill. Are the rich really not paying their "fair share"?
See the graph here.
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1 comment:
Income and taxes are one thing.
Can we talk wealth and the ability to sustain it?
Lee P. :)
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