Lesh
Diamond Member
- Dec 21, 2016
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Those 77% don’t make in excess of $500KYou simply ignored every contrary fact in the OP, such as the fact that tax data show that 77% of American income taxpayers pay a tax rate of 15%. You also ignored the fact that the rich pay huge amounts of state and local property taxes and can only deduct a small portion of those taxes, whereas most employed people can deduct all of them.
Nothing you said changes the fact that people who earn their money via capital gains pay a higher tax rate than most other Americans.