Comment on How to turn the phrase "The 1%" into a grawlixed slur?

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Rivalarrival@lemmy.today ⁨6⁩ ⁨hours⁩ ago

The relevant metric is “proportionate” not “majority”. The working poor pay a much higher proportion of their earnings in taxes than the ultra rich.

For example, our social security system is funded by taxes on the first $184,500 of personal income. Every dollar you earn above that is exempted from social security tax. That’s a 12.4% regressive flat tax. That tax is not assessed against business income, only personal income.

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