Tax Rate for the Rich

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Income tax brackets for the USA in general: this tells us little, because the super-rich do not pay the 37%. [1]

Who pays? Not these guys:

The top wealth Americans pay betweeon 0.1% and 3% tax rate on income. Their growth in wealth is 10x of their income. [2]

Why do average americans support lower taxes for the rich? Because they think the rich deserve it [3]: 'we find strong support for fairness-based explanations'. Fairness-based explanations are this [4].

But 61% of the people think the rich don't pay a fair share. [5].

BS Solution

  • Flat rate across the board could be fair. Devil's in the details. So we can start with a ridiculous low rate such as 10%, or lowest bracket in the US system. This way, the US tax system is perfectly fair only up to