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  1. 26-02-2024, 08:46 AM #13
    Panda-NZ-
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    Quote Originally Posted by FTG View Post
    Only 21% of tax payers earn over $70,000, yet pay 68% of all income tax.
    The obvious flaw in this mindlessly repeated statistic.

    Assume a teenager who works part time pays 100% tax on 5k income... 5k paid
    A millionaire pays 1%... 10k tax paid.

    OMG, they pay 66% of all the income tax!
    Last edited by Panda-NZ-; 26-02-2024 at 08:48 AM.
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