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richardhutnik said:
mrstickball said:

Interesting.

According to all responses, so far, the rich are taxed too much. At least in America, anyways.

And if the proportion of total wealth by the rich far exceeds that of everyone else, why would it be considered "taxed too much"?

http://sociology.ucsc.edu/whorulesamerica/power/wealth.html

In 2007, the top 5% owned over 60% of the wealth.  If that is the case, then why do they only pay 1/3 of all taxes?

Actually, the top 5% pay a bit more:

That's all federal taxes, BTW. If it were just income taxes, they pay 60%. Given that the top 5% only earn 13% of yearly incomes, I think that 44% of taxes is more than fair. Of course, it could be optimized with a loophole-less flat tax.



Back from the dead, I'm afraid.