< The top 1% paid about $615 billion in U.S. federal income taxes in 2018, which accounted for about 40% of all federal income taxes paid. When will it ever be enough?!>
This is the reason frequently cited by the ROP against raising tax on the rich. Large percentage of the population didn’t pay tax because they had not earned enough, while the super rich has earned too much. It’s an indication of unfair wealth distribution, not unfair tax burden tilt against the rich. Why should a CEO on average earn over 300 times more than a worker? A few decades ago, the ratio is less than 10. Which one is the problem?