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Politics : Formerly About Advanced Micro Devices
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To: Heywood40 who wrote (1034458)10/20/2017 12:11:22 PM
From: Tenchusatsu1 Recommendation

Recommended By
locogringo

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Heywood,
About 1.7 million Americans, less than 1 percent of our population, earn ____ percent of all income, and pay 70.6 percent of federal income taxes. ... What number goes in the blank?
A number that is substantially less than 70.6%.

By the way, the top 1% of Americans own somewhere between 33-42% of the wealth. Yet they pay 70.6% of federal income taxes.

What does that tell you about using taxes to "redistribute wealth"?

Tenchusatsu
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