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How Much Do You Need to Make to be Rich? (EP.298)

Animal Spirits Podcast

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I'm Not a Convertible Guy but I Love Cars

Top 1% of earners paid 42.3 percent of countries income taxes, a two-decade high for the 1% which is kind of surprising. Top 5% of earners reported 38.1 percent of total AGI but paid 62.7%. The bottom 50 percent of earners reported 10.2 percent of AGI butpaid 2.3 percent all income taxes. It's not black or white, but rich people Pay a lot of taxes So don't quit your day job.

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