Re: How much money do you need?
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I believe about 5% of the population controls around 70% of the money/assets, correct? Does that seem balanced to you?
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Well, since the top 5% pays 90% of the income taxes, I think it seems fine.
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WRONG!
They pay 53.8% according to a 2002 study. But let's not forget that people with those levels of income are quite adept at finding ways to lessen their tax burden (i.e. they have access to resources most of us cannot afford, to find ways of using their money to provide deducations and lowered liabilities)
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