alt Hacker NewsThe top 1% of America pays 40% of the federal income taxes.
Getting rid of the rich is probably a pretty bad idea for the rest of us.
Replies
wewtyflakes • yesterday at 6:37 PM
This is a byproduct of wild wealth disparity, not because the rich are so generous with paying the government.
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hnav • yesterday at 7:51 PM
The top %1 is a strawman invented by the top 0.01%.
The 1% hold more than 40% of the wealth, and therefore should be paying much more than 40% of income taxes, based on proportion alone - nevermind historic precedence before trickle-down Reaganomics.
When the top 1% are not in the top tax bracket, something is horribly wrong.