Dont Fall For The Fear Mongering The Rich Are Trying To Get Out Of Paying Taxes

[u/Antique-Freedom-7891]

[u/DJAnarchie]

I don't. The government is not supposed to be for the few. The part you have right is "Taxation is meant to benefit everyone", but Taxation should differ based on their capability to put into their community. The bottom 50% you mentioned that pays 11.4% in tax holds 2.5% of US household net worth. While the top 1% holds over 32% of the net worth but pays only 24% of tax? It gets even more egregious when you start moving to people over 100m, or over a billion. It just reduces more and more the higher your net worth over the 1%.

Also, your chart is income. That's not wealth, which this is representing.

You can do Tax-to-Wealth ratio and look at the disparity by dividing % of combined tax paid and % of total net worth.

Wealth Tier	Net Worth Threshold	Share of Net Worth	Share of Taxes Paid	Tax-to-Wealth Ratio	Relative Tax Burden
Top 0.0001%	Over $2.5B	1.8%	0.5%	0.28	Under-shouldered by 72%
Top 0.001%	Over $360M	4.0%	1.8%	0.45	Under-shouldered by 55%
Top 0.01%	Over $160M	9.0%	5.0%	0.56	Under-shouldered by 44%
Top 0.1%	Over $45M	15.0%	11.0%	0.73	Under-shouldered by 27%
Top 1%	Over $13.7M	32.5%	24.0%	0.74	Under-shouldered by 26%
Top 5%	Over $3.8M	55.0%	41.0%	0.75	Under-shouldered by 25%
Top 20%	Over $1.2M	71.0%	66.0%	0.93	Under-shouldered by 7%
Middle Class (50th–80th%)	$200K – $1.2M	26.5%	22.0%	0.83	Under-shouldered by 17%
Bottom 50%	Under $200K	2.5%	12.0%	4.80	Over-shouldered by 380%