And what about the top 1%?
Say they have 20% of the income, how much of the total tax burden should they bear?
20%?
25%?
30%?
Say they have 20% of the income, how much of the total tax burden should they bear?
20%?
25%?
30%?
https://taxfoundation.org/historical-income-tax-rates-bracke...
Ie: out of all the income taxes paid, which proportion should be paid by the top 1% of people who make 20% of the income.
Those fortunes were built on the backs of our labor and creativity. And they have way, way more than 20% of the wealth.
100% is the only answer.
So that 80% of the income should pay 0% of the taxes?