We're already taxing the rich.
"The top 1 percent paid a greater share of individual income taxes (37.3 percent) than the bottom 90 percent combined (30.5 percent)."
The problem here isn't the rich not paying taxes, it's the government.
-taxfoundation.org/summary-latest
Conversation
Replying to
That’s still a much smaller top tax margin than has been for the past 100 years.
2
1
That number isn’t a marginal tax rate, it’s a proportion of all the cash received by the govt paid by each group
Replying to
That's the top 1% of people who reported income. I think if you look at the top 1% by net worth, the results would be different.
2
19
Replying to
Its not about taxes, its about yielding assets vs savings accounts vs real monetary inflation caused by infinite printing.
2
Replying to
But this ignores the fact that the lower 90% are living off their income... While the top 1% have their assets invested in ways that are not taxable
1
24
Replying to
I think the argument (not saying good or bad) is to tax the rich MORE. not that they aren't being taxed at all
3
Replying to
Apples Oranges. The rich don't get paid the same way as the bottom 90%. Rich get paid via capital gains (which they can manipulate to pay 0% in taxes as long as they report having earned less than 80k in income)
1
30