Episode 62: Progressive Taxation Makes Everyone Worse Off
Words & Numbers
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The Average Effective Tax Rate
The poorest 20% of Americans pay 3%. That's right about where students say that's about a fair number. The top 1%, the people that we say, well, they're not paying their fair share,. They pay about 35% of their income and taxes. If you look at what people are actually paying, the richer paying, by far more taxes than anybody else.
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