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insane_dreameryesterday at 7:11 PM1 replyview on HN

Numbers, from the article:

> In the United States, for example, about 85% of federal tax revenue comes from labor income,

That means only 15% is coming from all other taxes, including corporate taxes, capital gains taxes, and other taxes on the wealthy (estate taxes), mostly because they find creative ways -- and loopholes by design -- that allow them to reduce those taxes significantly.


Replies

jimbokunyesterday at 7:27 PM

Yes! Numbers are good.

Making capital gains taxes more progressive is a good first step.