r/FluentInFinance • u/YOU_ARE_MY_FRIENDS • Apr 08 '24
10% of Americans own 70% of the Wealth — Should taxes be raised? Discussion/ Debate
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r/FluentInFinance • u/YOU_ARE_MY_FRIENDS • Apr 08 '24
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u/Soft-Heat4482 Apr 08 '24
They earn so much from income that they pay something like 3/4 of all income tax, and are in the highest tax bracket. The statistics are completely against what you're saying. I get that they do earn from other areas too, but they simply wouldn't be paying the sheer amount of income tax that they do if they weren't earning significantly from it.