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The top 1% of US taxpayers already cover 21% of the share of federal taxes collected with the top 10% covering 48% percent of taxes. The bottom 50% of income earners pay little to no taxes (11%).

https://taxfoundation.org/summary-of-the-latest-federal-inco...



The top 1% also have 39 percent of the wealth and rising. The "and rising" means it's pretty clear that the taxes are not enough (and/or wages need to be wildly adjusted), if you believe that we currently have too much wealth inequality.


I would like to see a graph that correlates this phenomenon with the output of the FED's printing presses.


>The top 1% of US taxpayers already cover 21% of the share of federal taxes collected

The top 1% of US taxpayers control over 60% of the wealth. If they're only paying 21% of the tax burden they are GROSSLY under-taxed.

https://www.bloomberg.com/news/articles/2019-11-09/one-perce...


Arguably, that itself can be a sign that income inequality is far too high, as 50% of the population doesn't earn enough to pay meaningful amounts of federal tax.




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