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Higher taxes don't affect the rich, here's why in another classic Stossel PSA.

Higher taxes don't affect the rich, here's why in another classic Stossel PSA.

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[–] 0 pt

the Rich pay max ~ 40%

No. The rich pay below 20%. The reason the overall tax is at ~40% is because the middle class who's taxed at sub 30% actually pays well above 70%.