Depends on how they store their money and what the income source is. The top 1% pays on average 40% of total federal income tax collected, in the US. Bottom 50% pays about 3% and the middle gets fucked up the ass for the other 57%. No idea how it works anywhere else.
The top 1% in the US is about 3.4 million people, but only about a thousand of them are billionaires. I don’t think you can generalize from the rest of the group.
Depends on how they store their money and what the income source is. The top 1% pays on average 40% of total federal income tax collected, in the US. Bottom 50% pays about 3% and the middle gets fucked up the ass for the other 57%. No idea how it works anywhere else.
https://taxfoundation.org/data/all/federal/latest-federal-income-tax-data-2025/#%3A~%3Atext=High-Income+Taxpayers+Paid+the+Majority+of+Federal+Income+Taxes%2Cof+all+federal+income+taxes.
The top 1% in the US is about 3.4 million people, but only about a thousand of them are billionaires. I don’t think you can generalize from the rest of the group.
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