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Cake day: June 10th, 2023

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  • stankmut@lemmy.worldtoComic Strips@lemmy.worldHow it feels
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    3 days ago

    The US has a progressive income tax, so it is true that people with higher education pay more income tax as a whole. The main difference with other countries is that it has a fairly low percentage cap and an absurdly low capital gains tax. The wealthy paying a low tax rate because of most of their earnings being asset based instead of income based doesn’t change the fact that the people who get paid higher incomes from their jobs that required higher education pay more income tax.