It’s never grouped with income in these articles because “the rich don’t pay taxes” gets those outrage clicks. The truth is the top 10% pay over 70% of the taxes in this country. One could argue that’s not enough, but we should approach it from an honest and accurate perspective.
Capital gains is still income though, right? Even if it’s a different tax, it should still be grouped as income and to what he’s referring to.
It’s never grouped with income in these articles because “the rich don’t pay taxes” gets those outrage clicks. The truth is the top 10% pay over 70% of the taxes in this country. One could argue that’s not enough, but we should approach it from an honest and accurate perspective.
It isn’t.
Wealthiest Americans pay just 3.4% of income in taxes, investigation reveals. This is from 2022, but I’m not sure it’s gotten much better. https://www.theguardian.com/us-news/2022/apr/13/wealthiest-americans-tax-income-propublica-investigation