OMG! Did you hear? The top 20% have more money than the bottom 20%!!!
Well, duh. And if the top 20% had the same amount of money as the bottom 20%, they wouldn't be on top, would they?
Let's say you have $100 and you are in the bottom 1/5.
Let's say the next 1/5 has 20% (1/5) more and so on.
Top 1/5 $207
2nd 1/5 $173
3rd 1/5 $144
4th 1/5 $120
That top bastich has twice as much as you!
Remember, the top 1% already pay 36% of the tax burden.
And nearly 50% don't pay income tax at all.
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