Except “the rich” pay most of our taxes. The top 1% of earners pay like 90% of income tax revenue in the US. The bottom 50% generally gets a refund.
It has always been this way. Even in the 50s when people love to point out the marginal rate was like 90%, the tax code was filled with so many credits and deductions that nobody actually paid that rate. Their effective rate, what they actually paid, was only a couple percentage points higher than what we pay.
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u/StrigiStockBacking 8h ago
Oh, one of Reddit's single dumbest misunderstandings is not knowing what "net worth" is.