Cryptocurrency Q&A
Do the top 1% pay 70% of taxes?
Do the top 1% pay 70% of taxes?
Thu Jan 09 2025
|
7
answers
1701
I heard that the wealthiest 1% of people in the country pay a major portion, around 70%, of all taxes. Is this really true? I want to know if this claim has any factual basis.
0 answers
Related questions
- How much tax is paid on crypto?｜Short-term crypto gains on purchases held for less than a year are subject to the same tax rates you pay on all other income: for the 2022-2023 tax filing season, depending on your federal income tax bracket.10% to 37%
- How much tax do I pay in Germany for cryptocurrency?｜What are the crypto tax rates in Germany? Germany offers attractive tax treatment of individual long-term cryptocurrency holdings. Short-term crypto tax in Germany is subject to regular income tax rates, .up to 45% plus the 5.5% Solidarity Tax
- How much tax will I pay on crypto?｜The total Capital Gains Tax you owe from trading crypto depends on how much you earn overall every year (i.e. your salary, or total self-employed income plus any other earnings). This number determines how much of your crypto profit is taxed at . Our capital gains tax rates guide explains this in more detail.10% or 20%
