RE: The wealthy pay most of the taxes already
Posted on: September 17, 2023 at 11:42:23 CT
90Tiger STL
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Top earners remain targets for tax increases, but the federal income tax system is already highly progressive. In 2020, the latest year with available data, the top 1 percent of income earners earned 22 percent of all income and paid 42 percent of all federal income taxes – more than the bottom 90 percent combined (37 percent).