LogFAQs > #980362870

argonautweakend posted...

The body isn't saying that, unless I missed it.

"However, these taxes have been significantly reduced in recent yearsthe top corporate tax rate in the U.S. was reduced from 35 percent to 21 percent in 2018, and the estate tax now generates only a quarter of the tax revenues it raised in the 1970s, the Times noted."

"In the 1960s, the 400 richest Americans paid more than half of their income in taxes, according to the Times. By 2018, America's wealthiest individuals paid just 23 percent of their income in taxes. Meanwhile, the bottom half of income earners paid 24 percent of their income in taxes."

The article is saying the percentage that the wealthy pay is down. Of course, their overall dollar amount is still going to be high, but we aren't talking about that. Nor is the article.

interesting
https://gamefaqs.gamespot.com/a/forum/1/19f07db7.png
https://gamefaqs.gamespot.com/a/forum/6/6fab95e9.png
because it literally does say that here , and then the article says they pay 24% and

24% of 1,000,000 is 240,000 (on the low end of what the richest make/pay)
whereas 25% of 65,000 (average US income) of is ~15,000 which is less than 240,000

I am talking about that, whether you are or not.
And that IS what the article says. Of course, they aren't going to say they pay 1& less income tax because that wouldnt be as sensational.