I think you're getting confused.
Quote:
Originally Posted by pocketkangaroo
I don't see how that benefits just the wealthy?
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Thats because I didn't say that. I said the US system was better for the wealthy than the UK system. I thought I laid that out fairly clearly by showing that the top UK tax rate really only starts to kick in and start making a difference around US$100k.
On a side note, the top 5% paying 50% of all taxes is just a statistical eventuality of having rich people paying a higher tax bracket.. it's the same everywhere. Even with a flat tax the richest 5% will pay more a disproportionate amount.. it's a bit like saying 100 is a higher number than 10.