Lower-Income Americans are Taxed Much Less Heavily Than Lower-Income Europeans

  The top 10 percent of households in the United States earn about 33.5 percent of all income, but they pay 45.1 percent of income-related taxes, including Social Security and Medicare taxes. In other words, their share of all income-related taxes is 1.35 times larger thanĀ as large as their share of income. That is the … Continue reading Lower-Income Americans are Taxed Much Less Heavily Than Lower-Income Europeans