(03-05-2023, 01:55 PM)mikesez Wrote:

(03-05-2023, 11:47 AM)The Real Marty Wrote: The IRS has released its income and tax statistics for 2020, and the top 1% of earners pay 42% of all the taxes collected.  The bottom 50% of earners pay 2% of all the taxes collected.

Now tell us what % of GDP those groups earned as income.

The 1% of earners who paid 42% of all the taxes collected earned 22% of all the adjusted gross income reported on income tax returns, so their share of the income taxes paid is roughly double their share of the income.  

The bottom 50% who paid 2% of all taxes collected earned 10% of the adjusted gross income reported on income tax returns, so their share of income taxes paid is roughly 1/5 of their share of the income.

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