Quote of the Day
This is the most repeated claim in American tax politics and one of the least supported by actual data. The top 1% of earners take in 22% of total income and pay 40% of all federal income taxes. The top 10% earn about half the nation’s income and pay 72% of its taxes. The bottom half of earners, collectively, pay roughly 3% of the tax revenue. The United States, in fact, has the most progressive income-tax system in the developed world.
Veronique de Rugy
April 16, 2026
Contributor: Debunking five myths of the American tax system
And since the U.S. current debt is over $39 trillion dollars, the future is not looking good.
I want my underground bunker in Idaho to be complete.