Quote:
Originally Posted by skaltezon
Wealth doesn't equal income, but it does generate income. Averaged out, 34.3 % of the wealth apparently generates an income that pays 40% of the taxes. It hardly seems like a disproportionate burden.
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The top 1% has 34% of the wealth. The top 5%, however, only has 22% of the income. So the taxes on income generated by wealth, for this group, is disproportionately heavy.
So, 22% of income = 40% of income taxes paid. And, mind, people in this thread are advocating
raising this tax burden.