Percentage of total US household income earned by income group
3.1% less than $20,000 19.04% of all households
8.1% $20,000 to $37,500 19.45% of all households
13.8% $37,500 to $60,000 19.44% of all households
22.3% $60,000 to $95,000 20.00% of all households
40.8% $95,000 to $250,000 20.15% of all households
11.9% $250,000 or more 1.92% of all households
so more than half of household income goes to about one-fifth of households?
excuse me, but doesn't that mean we could balance the budget and pay down the debt and end payroll taxes yet guarantee the solvency of social security and health care forever if we just had a standard family deduction around $100k and a high enough flat tax rate with no loopholes?
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