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Actually they pay less because of many benefits the entrepreneurs are giving back to the society such as giving employment and job.

Great article. Followed. This is the stuff I like to see in my feed.

define rich ..

For the sake of this discussion, those with income above $415,051 / year (this number adjusts with inflation; i.e., it's in 2016 dollars).

hmmm.. that's a minnow to the really rich pips
I've seen a documentary of rich kids from HK and China
their small yacht costs more than that
one Chinese guy is a jeweler in the UK
he sells and hour glass of diamond for 750k
i wonder what he makes in a year

I'm only talking about the US, I can't speak to how other countries tax their citizens. But yes, even if that tax level is reasonable for someone earning $500k a year, there should be more severe brackets for those earning in the millions.

I am definitely not in the category you describe, Maybe federal income tax itself is not at the highest, but I know where I am at sales tax keeps going up, and with Obama Care being mandatory that is now a tax. They just get there money other ways it seems

The rich get richer, and the poor get poorer. Sad reality :(

Its unfortunate, but it's true - the rich also have a much greater ability to pay less tax because there are more options for them. The question is, is there a solution to this?

In the US, reversing Citizen's United would be a huge step in the right direction. Getting dark money out of politics would make it a lot easier for politicians to not have to cater to the ultra-rich (corporate) donors!

Fascinating @geoffrey! I dig this analysis. Following!