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0 pointstwoodfin8y ago0 comments

The quote says a specific group pays 51% of all tax revenue and says it's way too much. Well did they collect 51% of all income?

Probably not. Some quick Googling finds this analysis:

It uses different split points, but claims that the top 5% of earners make about 35% of the total AGI, but pay 59% of gross income taxes.

0 comments

Of course, federal "income taxes" are less than 2/3 of total federal taxes on income.

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0 pointstwoodfin8y ago0 comments

The quote says a specific group pays 51% of all tax revenue and says it's way too much. Well did they collect 51% of all income?

Probably not. Some quick Googling finds this analysis:

It uses different split points, but claims that the top 5% of earners make about 35% of the total AGI, but pay 59% of gross income taxes.

Of course, federal "income taxes" are less than 2/3 of total federal taxes on income.

j / k navigate · click thread line to collapse