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Politics : Formerly About Advanced Micro Devices
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locogringo
TideGlider
To: Heywood40 who wrote (1034567)10/20/2017 6:07:19 PM
From: Tenchusatsu2 Recommendations  Read Replies (1) of 1574879
 
Heywood,
So, an individual with 66 times more money is paying 70.6% of the taxes.
Your math is wrong, your numbers are wrong, and your comparison above is invalid.

Why don't you go back to your original question?
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?
The number that goes into that blank is less than 20. This is based on the following graph:

cepr.net

The income share of the top 1% has never exceeded 20%, and you're asking for a number that correlates to LESS than 1% of the population.

So your quote should be the following:

About 1.7 million Americans, less than 1 percent of our population, earn less than 20 percent of all income, and pay 70.6 percent of federal income taxes.

Tenchusatsu
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