April 22, 2024
The Purpose of Progressive Taxation
Maurizio Morabito
Progressive tax rates are only in place to keep the middle classes down
John R Lott Jr
The top 1% of income earners pay 45.8% of income taxes but make 26.3% of income. The bottom 50% of income earners' share of income is almost five times their share of income taxes.
https://taxfoundation.org/data/all/federal/latest-federal-income-tax-data-2024/
Progressive tax rates are only in place to keep the middle classes down
John R Lott Jr
The top 1% of income earners pay 45.8% of income taxes but make 26.3% of income. The bottom 50% of income earners' share of income is almost five times their share of income taxes.
https://taxfoundation.org/data/all/federal/latest-federal-income-tax-data-2024/
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