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My understanding is that those top marginal rates didn't matter as much as you might think because they mostly shifted forms of compensation. The data we'd real

by harryh 9y ago

My understanding is that those top marginal rates didn't matter as much as you might think because they mostly shifted forms of compensation. The data we'd really want to investigate this question is what % of taxes were paid by various income groups (top .1%, 1%, 5%, 10%) over time. See how much that share has changed with various policy changes. I can't seem to find a relevant graph on fred.stlouisfed.org though. :(

opo 9y ago
ntu.org has some recent data. In general, federal income tax has gotten more progressive since the 50s. For example, the top 10% paid 49% of taxes in 1980 and paid 70% in 2014. http://www.ntu.org/foundation/page/who-pays-income-taxes http://www.ntu.org/foundation/page/who-pays-income-taxes