Cryptocurrency Q&A
Who pays the most taxes, rich or poor?
Who pays the most taxes, rich or poor?
Carolina
Sat Jan 25 2025
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7
answers
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I'm wondering who bears the heavier tax burden in society, the wealthy individuals or those who are economically disadvantaged. Basically, I want to know who pays more taxes: the rich or the poor?
7 answers
GyeongjuGlorious
Mon Jan 27 2025
High-income taxpayers bore a disproportionate share of the income tax burden in 2021.
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Thunderbolt
Mon Jan 27 2025
The tax system was structured in such a way that those with higher incomes were subject to significantly higher average income tax rates.
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Raffaele
Mon Jan 27 2025
Specifically, taxpayers earning below $46,637, representing the bottom half of the income distribution, faced a relatively low average income tax rate.
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CryptoElite
Mon Jan 27 2025
Their average tax rate stood at 3.3 percent, indicating a minimal impact on their overall financial situation.
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Andrea
Sun Jan 26 2025
In contrast, taxpayers with incomes exceeding this threshold were subject to progressively higher tax rates.
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