OnePercenter
Gold Member
- Apr 10, 2013
- 23,667
- 1,880
- 265
- Thread starter
- #281
The rich pay more in taxes in one year than many of the middle class and poor will pay in their lifetime.
That's because 1% of $1M is more than 1% of 50K.
2014, I paid 4% of $32.6M in federal tax. A working couple making $50K paid 7%.
Get it yet?
I'm not very good at math, but I think 4% of 32.6M is $1,296,000 and 7% of $50,000 is $3500.
See the problem?