Has anyone seen any survey research that expresses federal income taxes paid as a percentage of net worth rather than annual income?
This is apples and oranges. Much of net worth was already subject to income tax or estate tax, or will be.
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I'm not asserting otherwise! All I'm saying is the bottom *half* of Americans pay more in incomes tax as a % of their net worth than top 1%.
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1/ It's a meaningless comparison. Fill in "Half of all Americans pay more for _____ as a % of net worth than top 1%" with *anything*.
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