this post was submitted on 16 Apr 2024
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Data is Beautiful
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The graph is showing who pays the least as a percentage of family income. I really don't think it's disingenuous to be talking about tax rates as percentages rather than the total amounts paid.
That's because proportionally, they are paying less. Millionaires and billionaires are paying taxes at a lower rate then everyone else, even though they have so much more disposable income.
I don't know what your ideal version of talking about this would be, but these three facts, that the top 1% pay the least proportionally, the top 5% pay the most in absolute terms, and the top 10% control two thirds of all the wealth, are all related in a pretty basic way.