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The standard answer to that is because it's income tax, not wealth tax. If you were to already own 25% of the country's wealth, retire, pull it all out of any sort of savings/investments, would you still be expected to pay taxes yearly on it?
Some say yes, some say no.
But regardless, no matter if you look at wealth or income (or, growth of wealth), the top percentile of individuals in this country pay a significantly smaller percentage of their own fortune than those below them do.
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