1/3 of the 200 US highest earners pay $0 in federal taxes. Zero.
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The top 10% hold 76% of the wealth. So...
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Oops. I misspoke. That was 2016. We're up to 77% for the top 10%, according to the federal reserve.http://peoplespolicyproject.org/2017/09/27/new-fed-data-the-top-10-now-own-77-of-the-wealth/ …
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Wsj is owned by Rupert murdoch. It does not care about facts, only conservative propaganda
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Agreed. Also, note that the author is Phil Gramm.
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The author doesnt matter. Murdoch support right wing policies around the world
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... and they still control more income than they're able and/or willing to spend while everyone else fights for the dregs. So yeah, tax 'em.
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Phil Gramm taking a trip down fantasy lane with
@realDonaldTrump He fails to mention the many ways not to pay any taxes.Thanks. Twitter will use this to make your timeline better. UndoUndo
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There are so many holes in your theory. The top 10% pay more in taxes, but they DO NOT pay 70+% of their income. There's a big difference 1/
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I think you need to re-read or just read the article...that's bot what it says

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No, I understood his point, actually. I do believe it's written to intentionally mislead. Many may well miss the point, thus, the call out.
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So much wrong it's hard to know where to begin. How about some data on the wealth distribution of those example nations?
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What's difficult to understand is how you watch the rich become richer, year by year, and think proper policy is to make the rich richer.
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So? They earn MORE than 71% of net income and own FAR MORE than that share of all assets in U.S. They should pay MORE.
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Top earners aren't necessary the ones with top wealth, important difference. Second, it's only pointing out that they pay a disproportionate share, which one wouldn't think based on general narrative.
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Top 10% Hold 76% of US Wealthhttp://money.cnn.com/2016/08/18/pf/wealth-inequality/index.html …
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