Tax Rate for the Rich: Difference between revisions
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The top wealth Americans pay betweeon 0.1% and 3% tax rate on income. Their growth in wealth is 10x of their income. [https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax] | The top wealth Americans pay betweeon 0.1% and 3% tax rate on income. Their growth in wealth is 10x of their income. [https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax] | ||
Why do average americans support lower taxes for the rich? Because they think the rich deserve it [https://www.sciencedirect.com/science/article/pii/S0176268022001525]. | Why do average americans support lower taxes for the rich? Because they think the rich deserve it [https://www.sciencedirect.com/science/article/pii/S0176268022001525]: 'we find strong support for fairness-based explanations'. Fairness-based explanations are this [https://www.google.com/search?sxsrf=ALeKk026QG9BbsZl0rNsBS9KmerMgczY_w%3A1602863734253&source=hp&ei=dsKJX6q8DJDYsAXHkpG4Cw&q=how+do+fairness-based+reasons+account+for+lowering+taxes+for+the+rich&btnK=Google+Search&oq=how+to+configure+nvidia+geforce+gtx+1650+super+on+linux+mint&gs_lcp=CgZwc3ktYWIQAzIFCCEQoAEyBQghEKsCMgUIIRCrAjoOCAAQ6gIQtAIQmgEQ5QI6DgguELEDEMcBEKMCEJMCOggILhDHARCvAToLCC4QsQMQxwEQowI6CAgAELEDEIMBOggILhCxAxCDAToFCAAQsQM6AggAOgQIABAKOgYIABAWEB46CAghEBYQHRAeOgcIIRAKEKABUMsQWOmzAWD8tAFoBnAAeACAAeQGiAGhS5IBDTExLjQ3LjMuMi42LTGYAQCgAQGqAQdnd3Mtd2l6sAEG&sclient=psy-ab&ved=0ahUKEwiqz4DcvLnsAhUQLKwKHUdJBLcQ4dUDCAk&uact=5]. | ||
But 61% of the people think the rich don't pay a fair share. [https://www.pewresearch.org/short-reads/2023/04/07/top-tax-frustrations-for-americans-the-feeling-that-some-corporations-wealthy-people-dont-pay-fair-share/]. | |||
Income tax brackets for the USA in general: this tells us little, because the super-rich do not pay the 37%. Who does? [https://www.irs.gov/filing/federal-income-tax-rates-and-brackets] | |||
Revision as of 05:01, 13 January 2025
The top wealth Americans pay betweeon 0.1% and 3% tax rate on income. Their growth in wealth is 10x of their income. [1]
Why do average americans support lower taxes for the rich? Because they think the rich deserve it [2]: 'we find strong support for fairness-based explanations'. Fairness-based explanations are this [3].
But 61% of the people think the rich don't pay a fair share. [4].
Income tax brackets for the USA in general: this tells us little, because the super-rich do not pay the 37%. Who does? [5]