RE: The wealthy pay most of the taxes already
Posted on: September 17, 2023 at 11:38:12 CT
KC rules MU
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The upper middle class probably pay the highest percentage of their income in taxes. They extend into the highest tax bracket and generally don't have the ability to avoid taxes like the truly wealthy. It doesn't help the the uppermost tax bracket tops out at a relatively low level ($693,000).
The wealthiest pay more taxes but they pay a considerably lower percentage of our income.
Edited by KC rules at 11:41:19 on 09/17/23