Comment on Calif. fast-food chains slash workers as $20-an-hour minimum wage looms

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wintermute_oregon@lemm.ee ⁨8⁩ ⁨months⁩ ago

For someone ignorant of the topic, you seem to have a strong opinion.

www.cnn.com/2023/04/21/opinions/…/index.html

Surely, the rich pay a larger amount because they earn the most money, right? Not exactly. In 2020, the top 1% of taxpayers earned 22% of all adjusted gross income; their 42.3% share of the income taxes is nearly twice their share of the nation’s income. By contrast, the bottom 90% of taxpayers (about 142 million taxpayers) paid a combined $450 billion in income taxes, or just 26.3% of the total, their lowest percentage of the tax burden in decades. That means the top 1% of taxpayers pay a far greater share of the nation’s tax burden than 142 million of their neighbors combined.

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