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This graph doesnt agree https://en.wikipedia.org/wiki/File:Historical_Marginal_Tax_Rate_for_Highest_and_Lowest_Income_Earners.jpg https://en.wikipedia.org/wiki

• rayiner 7y ago
  That’s the top marginal rate on wage income. It doesn’t actually look at the total tax people pay as a percentage of their total income. That changes not just based on the top marginal rate, but on where each bracket kicks in, the composition of income, and the tax base. For example, back in the day, things like corporate expense accounts were not treated as taxable income. And the highest brackets kicked in at the equivalent of $3.5 million today, which means even top 0.01%-ers had half their income taxed at a lower bracket.