5 ms·

Income tax rates for high earners in the US are near historic lows. https://en.wikipedia.org/wiki/Income_tax_in_the_United_States#/media/File:Historical_Margin

• refurb 10y ago
  Two things, plenty of tax relief measures existed back then. Actual tax rates were much lower. In fact, the top earners pay more of the total tax pie than they did back then. Also, if you adjust the brackets based on inflation, the highest bracket is the equivalent of $5M plus. Hardly anyone paid it back then.
• twblalock 10y ago
  > Income tax rates for high earners in the US are near historic lows. That doesn't prove much. Many people would argue that all this means is that taxes were unfairly high then, and more fair now. Others would argue the opposite. If we are interested in defining a fair rate of tax, I don't see how historical data will help. What's fair needs to be based on something more objective.