Not a single person, is paying 80% of their income in taxes.
Even someone who makes 1 million USD annual salary in the us only has a rate of 38%
The majority of people in the us (77%) fall into the 15% (and pay on average 6.5% thanks to deductions, and various credits) bracket or lower and less than 1 million people (Of the 330 million) fall into the highest bracket. And those houses on average don’t actually pay an effective tax rate of 38%, instead, on average they pay 28.5%.
A tenth of households in the USA don’t pay ANY income tax.
Not a single person, is paying 80% of their income in taxes.
Even someone who makes 1 million USD annual salary in the us only has a rate of 38%
The majority of people in the us (77%) fall into the 15% (and pay on average 6.5% thanks to deductions, and various credits) bracket or lower and less than 1 million people (Of the 330 million) fall into the highest bracket. And those houses on average don’t actually pay an effective tax rate of 38%, instead, on average they pay 28.5%.
A tenth of households in the USA don’t pay ANY income tax.