It's a huge country rich with resources whose culture favors meritocracy and mostly has a pro-business environment and where people are socially mobile (i.e. you can rise in status from low class to upper class).
The US average income is MUCH higher than the world average income.
The rich do in fact pay a higher percentage of their income in income tax, because we have a progressive income tax based on six different tax brackets, where the higher your income is the higher a percentage tax bracket you will be in. Depends on which country you're in. In the US, this is not the case.
with higher levels of income and education
The average income in Paris is 36,085 pounds. This is about $67,081 US dollars. Paris has a higher income than the rest of France.
Gross income in normally higher then net income unless there is other income then normal business operations then net income may be higher then gross income.
Like the one i the US where there are brackets of percentages of tax, that get larger as the income gets larger. A low earner pay a low percent, a higher earner a higher percent.
The higher your income, the higher percentage you pay.
The president just proposed higher taxes for the upcoming fiscal of 2011. Those changes only applies to higher income tax payers, which are families making more than $250,000 a year.
Progressive
Higher
income taxes
The median income in the US in 1977 was $13,570. The median income for 2013 in the US was $51,371.