The top one percent in America is disentangling themselves from the rest of the pack and is closing in on owning as much as the rest of the population all …show more content…
We could conveniently do a form of the progressive tax where all types of income are taxed equally. As of right now, many of the ultra-rich are staying on top by finding a loophole in the tax system and exploiting it. They are investing in stocks and earning money that is classified as qualified dividends; these qualified dividends are taxed at a much lower rate, and, thus, the loophole is being surpassed without much creativity