The 1% made 93% of the money, and they pay 60% of the taxes since wages are so low that they don’t make enough for the government to tax. So 40% don’t pay taxes, but the rich pay at a much lower tax rate than the middle class so they are not having things so bad. It’s not like they will have to sell the extra house or two.
The 1% made 93% of the money, and they pay 60% of the taxes since wages are so low that they don’t make enough for the government to tax. So 40% don’t pay taxes, but the rich pay at a much lower tax rate than the middle class so they are not having things so bad. It’s not like they will have to sell the extra house or two.