If someone making 1m/yr pays 1% in taxes and someone making 10k/yr pays 90%, the...

fzeroracer on April 29, 2020 | parent | context | favorite | on: U.S. Economy Shrinks at 4.8% Pace, Signaling Start...

If someone making 1m/yr pays 1% in taxes and someone making 10k/yr pays 90%, the millionaire is still covering over 50% of the tax burden despite being impacted far less by the taxes on his wealth.