The federal government collects about 2/3 of all tax revenue. About 50% of that is corporate and individual income tax.
Thus about 1/3 of all taxes in the US are federal income tax.
Yet in discussions about whether the rich are over or under taxed, this particular tax is generally the only one discussed by both sides. That seems a little odd to me.
“Yet in discussions about whether the rich are over or under taxed, this particular tax is generally the only one discussed by both sides. That seems a little odd to me.”
Why is that odd? Income tax is confiscation of property. Sales taxes, gas taxes and the like are based on consumption and not production. Income tax is what government takes from our production and it is this tax which should be discussed. Why should tax on production be graduated upward based on amount produced? It’s a penalty on production which suppresses production which is bad for job creation and for society. That’s the point.