The richer you get, the lower taxes you pay

According to phys.org:

For roughly a century, the U.S. tax system has been designed to be progressive, with the wealthiest people paying the highest tax rates. But the fortunes of the wealthiest Americans have been booming in recent decades, and the new research appears to show that when all taxes are combined, the ultra-wealthy pay a lower rate than many people of lesser wealth.

For example: The overall effective tax rate for the top 100 wealthiest in the 2018–2020 period was 22%, but 26.6% for the next 300. The effective tax rate was 45% for top earners who made their income from wages and salaries, as opposed to those whose wealth came from ownership or investment.

According to fool49:

Business taxes have also been cut from 35% to 21%. Why is there no progressive taxation for businesses? Businesses with larger profits should face higher marginal tax rates.

As for taxes on rich individuals, if you compare the taxes for top workers, it is about double that of top 100 richest, who are mainly owners. Why should workers pay taxes at a higher rate than owners?

I think the maximum tax rate should be about 50%. So rather than lowering tax rates for the highest earning workers, the top richest should see their taxes rise up to a maximum of 50%. Must close loopholes for tax avoidance.

Use the money to lower the annual fiscal deficit.

Reference: https://phys.org/news/2025-09-richest-americans-taxed-general-population.html