Stereotypical story here.
No one ever talks about how little Americans make.
In 2019, you'll be happy to know, 61% of individual wage earners in the US made less than $45,000.
44% made less than $30k.
I'd like to see our legislators live on $30k, since so many of the people they claim to represent must. Maybe they'd be less inclined to rob us blind year in and year out with their trillion$ in spending.
Congressional salaries, incidentally, put the 435 members of the US House in the top 3.5% of individual wage earners.
IT'S WHY THEY RUN.
There's something horribly wrong with a Rube Goldberg tax code which allows:
the rich to avoid taking "ordinary income" and pay little or zero tax on their fabulous capital returns;
more than the bottom half also to pay little to nothing (don't forget that they do pay Social Security and Medicare taxes);
and the people in-between to get squeezed to death.
Given that deficits no longer matter, why do taxes continue to matter? Just end them. We borrow the money anyway.
smdh
