|From Wiki.US Income Tax Rates|
So we thought the poor has a good time, as far as tax is concerned.
The truth is exactly the reverse.
The truth is this. The poor pays close to 100% tax. Here is a Singapore example.
All his citizen dividend (easily estimated at $10,000 for USA) is 100% taxed away. For a poor family of 4, that means their $40,000 citizen dividend is 100% confiscated.
As far as tax rate is concerned, the rich is having a good time. The poor faces total 100% confiscation.
(This post is a response to the article by the London mayor hailing the wealthy as tax heroes.
We should be humbly thanking the super-rich, not bashing them - Telegraph: BORIS JOHNSON
The poor should get Victoria Cross medals for their tax sacrifices.)