3 ms·
Does the article seriously quote the non-effective rates as the wealthy paying more?
by pbreit 7y ago
Does the article seriously quote the non-effective rates as the wealthy paying more?
- darawk 7y agoI'm not sure what you're referring to, but the source it cites is this: https://www.cbo.gov/system/files/2019-07/55413-CBO-distribution-of-household-income-2016.pdf https://www.cbo.gov/system/files/2019-07/55413-CBO-distribut... I can't find the word "effective" in there. It just quotes the tax rates. EDIT: I see what you are trying to say now. And the answer is no, it quotes the effective rate.
- celticmusic 7y agoWhat the poster means is that official tax rate before all of the tax breaks, etc. Maybe the top do officially pay 33%, but if they're able to get that number down to 16%, then their effective tax rate is 16%.