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The Richest 1 Percent of Americans Pay 24 Percent of Federal Taxes
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Quote:The people that own Wal Mart pay more in taxes than the people that work and shop there? "Why did you rob that bank?" "Because that's where the money is!" The idea that someone would be surprised that the people that have and make so much money would also pay the most taxes is silly. When you actually look at the tax burden overall it's pretty flat from the middle quintile and up, and even declines for the wealthiest compared to those just below them. It's time for a wealth tax. ![[Image: 550%20total%20effective%20tax%20rates.jpg]](http://assets.theatlantic.com/static/mt/assets/business/550%20total%20effective%20tax%20rates.jpg) |
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