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> Since then, taxes that hit the wealthiest the hardest — like the estate tax and corporate tax — have plummeted. The corporate tax hits everyone, and it hasn'
by microcolonel 7y ago
> Since then, taxes that hit the wealthiest the hardest — like the estate tax and corporate tax — have plummeted.
The corporate tax hits everyone, and it hasn't "plummeted", it was reduced all at once in one year, to a still extremely high level (from my Canadian perspective).
They go to all this effort to make a case that the effective rates paid by people with extremely high incomes are often slightly lower than those paid by people with still-very-high incomes... then they blame the marginal rate!
This article is a mess, the juxtaposition of excellent, valid observations, and contradictory filler is astonishing.