Salnax on 19 September 2011
| spurgeonryan said: Wait? Millionaires pay less of a percent of there income than poorer people do! Is that what I am reading? |
Yep. Most taxes are based on income from wages. A lot of millionares instead get most of their money from investments and the stock market, which are taxed far more lightly. Therefore, a millionaire who makes most of their money from investments will get taxed somewhere from 15% to 20%, while most Americans have to pay over 30%.
U mad, middle class?
