Reposted by Miles King
We all know tax goes up the more you earn... right? 🤔
Not quite. For most people, yes. But at the very top, something strange happens..
Average tax rates paid:
💷 Top 10% → 39%
💷 Top 1% → 37%
💷 Top 0.1% → 34%
💷 Top 0.01% → 30%
And 1 in 4 of the ultra-rich pay 20% or less.
