Robin Hood is alive and well in America:
About 12% of tax payers provide 75% of all the taxes.Oh sure, but they're rich, right? To many of us 6-digit salaries may seem like a ton of money. But someone who earned $100,000 30 years ago would have to earn over $300,000 now to have the same purchase power. Where do we draw the line that defines a "wealthy" person?
In my estimation, about the only group that is "pulling their own weight" is the $50-100,000 group. Perhaps those people who are just getting established in their careers, trying to save for a first time home purchase, young families... Props to that group!
Interesting things to consider as we hear about tax plans this election season.
3 comments:
i'm glad to see that chart--thanks for sharing. hope you guys are doing well!
This is intriguing, especially in the context of the tax arguments going on with the elections.
Thanks for sharing!
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