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Old 10-27-2017, 11:13 AM
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Post Re: OMB: Top 20% pay 95% of taxes, middle class 'single digits'

Originally Posted by Hairy Jello View Post
Tell me again why the rich should pay more in taxes?

People take home more salary => pay more in taxes.
HJ wants to fixate on only the second part of that equation...

Top 1% of Earners Take Home Majority of Income Growth | Money
The study, released Thursday from the Economic Policy Institute, found that the top 1% of U.S. citizens, in terms of income, took home 85% of income growth between 2009 and 2013. In 15 states, the top 1% captured all income growth during the same four-year period.
“Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration.”
~Abraham Lincoln
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