Reply to Harris tax plan - raising taxes on high earners

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]For all of the haters, the top 1 percent of taxpayers paid more than $1 trillion in income taxes while the bottom 90 percent paid $531 billion. The share of income taxes paid by the top 1 percent increased from 33.2 percent in 2001 to 45.8 percent in 2021.

(This article was updated in 2024.)

https://taxfoundation.org/data/all/federal/latest-federal-income-tax-data-2024/#:~:text=The%20top%201%20percent%20of%20taxpayers%20paid%20more%20than%20%241,to%2045.8%20percent%20in%202021.[/quote]

Now do wealth. [/quote]

“The richest 1 percent grabbed nearly two-thirds of all new wealth worth $42 trillion created since 2020, almost twice as much money as the bottom 99 percent of the world’s population, reveals a new Oxfam report today. During the past decade, the richest 1 percent had captured around half of all new wealth.”

https://www.oxfam.org/en/press-releases/richest-1-bag-nearly-twice-much-wealth-rest-world-put-together-over-past-two-years

“ Federal Reserve data indicates that as of Q4 2021, the top 1% of households in the United States held 32.3% of the country's wealth, while the bottom 50% held 2.6%”

https://en.m.wikipedia.org/wiki/Wealth_inequality_in_the_United_States#:~:text=Federal%20Reserve%20data%20indicates%20that,bottom%2050%25%20held%202.6%25.[/quote]

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