the top 1% of filers pay 40% of the bill
which means 1.4m people are paying 40% of the total tax burden of the 330m in the country.
or 0.4% of the population pays 40%
yes, they are not paying their fair share. not even close.
they are paying FAR BEYOND their fair share
The AMT should be clipping everyone who earns more than $200K per year anyway. So what’s the argument?
Yet, you don't see these people occupying every major city in the nation with a sign reading "I am the 0.4%" do you?