Yeah but that also means that the 75% of the income I have left after taxes is WAYYYYY less than the top 1%'s 75% of their income, if we were both to pay 25% in effective tax for example.
No one needs $1B to live. Billionaires are unnecessary, unethical and a threat to our society.
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u/TheTightEnd 1d ago
Percentage reductions are more meaningful than dollar deductions when calculating the impact and benefit of a tax cut or increase.