Per Capita Income: Difference between revisions
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=Is Taxation Fair based on Income Bracket?= | |||
If we believe the above graph and the graph below [https://www.ntu.org/foundation/tax-page/who-pays-income-taxes] - | |||
[[File:taxbybracket.png|600px]] | |||
Revision as of 19:03, 1 July 2020
Definitions
- It includes every man, woman, and child. [1]
- Purportedly $64k in the USA [2]. This is highly misleading, as this is skewed significantly towards the upper range, as $64k for every man, woman, and child would mean everyone is living like a king
American Pie Chart
Top 1% in the USA have 43% of the wealth, and bottom 80% have 7% of the wealth in 2010. Source: [3]. Gee, is there something wrong with this picture?
Is Taxation Fair based on Income Bracket?
If we believe the above graph and the graph below [4] -
