Reply #37: Wealth is irrelevant

[BikeDeck]

The top 5% pay a way lower proportion of their wealth in taxes than the proportion of wealth they control, and the higher you got up the income ladder, the more disproporionat theat relationship becomes.

We do not have a wealth tax, so a persons wealth is irrelevant to a discussion on INCOME tax. There are people, especially elderly people who have a vast amount of wealth, but not a large income.


In the last 12 years, the top 1% of Americans got 150% wealthier, while their tax burden dropped by 50%.

Has the amount, in actual dollars, that the top 1% pay in income taxes dropped by 50%? No. It has risen quite a bit.

For everyone else, the tax burden has remaine the same or increased.

No. The % of income taxes paid by the bottom 50% of wage earners has continually declined.