50% percent of the household pay no tax at all because they barely get by, but you would tax the meager income they earn in the name of fairness. This is simply a restatement of trickle-down economics, a pittance trickles down, but most geysers to the top. If the wealthy are doing so poorly

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Middle income earners saw their share of aggregate income shrink from 63 percent to 43 percent while upper income earners share rose from 29 percent to 48 percent from 1970 to 2018. At the same time the upper income marginal tax bracket fell from 70 percent to 37 percent.

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69.8 percent of the nation’s wealth is heal by the top 10 percent of the population. 28.2 percent is head by the 50 to 90 percent and the bottom 50 percent (that wildly under-taxed segment of the population) holds a whopping 2 percent of the wealth. Let’s go back to the marginal tax brackets of the 1970’s.

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https://www.pewresearch.org/social-trends/2020/01/09/trends-in-income-and-wealth-inequality/

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https://taxfoundation.org/historical-income-tax-rates-brackets/

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https://www.statista.com/statistics/299460/distribution-of-wealth-in-the-united-states/