> The overall tax rate on the richest 400 households last year was only 23 percent, meaning that their combined tax payments equaled less than one quarter of th

> The overall tax rate on the richest 400 households last year was only 23 percent, meaning that their combined tax payments equaled less than one quarter of their total income. This overall rate was 70 percent in 1950 and 47 percent in 1980. No it wasn’t. Is there even one historical example of someone paying 70% of their income as tax in 1950? Or was that simply the maximum theoretical income tax rate? That was just the maximum. Nobody paid that so it’s meaningless to compare these two numbers. This looks like another confirmation-bias article to me.