Get all your news in one place.
100's of premium titles.
One app.
Start reading
Reason
Reason
J.D. Tuccille

Rich Americans Pay a Higher Share of Taxes Than the Wealthy in Most Countries

Like his progressive comrades, New York City Mayor Zohran Mamdani has an ambitious big-government agenda he proposes to fund by forcing "rich" people to pay their "fair share." While the word billionaires is often thrown around, smart people understand that wealth will have to be defined generously to pay for everything proposed, and that "fair share" always means more. Even so, lots of Americans are on board with the idea of forcing people they consider rich to pay higher taxes. What they don't understand, and what progressives won't acknowledge, is that the U.S. already puts a heavier burden on high-income people than do most countries.

'We Can Raise Taxes on the Wealthy'

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.