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The math in this article is much more correct than Leonhardt’s but they're both kind of missing the real issue. Yes, income taxes are very progressive, but that
by gok 7y ago
The math in this article is much more correct than Leonhardt’s but they're both kind of missing the real issue. Yes, income taxes are very progressive, but that's going to need to change if we want to raise a meaningful amount of more revenue. There just isn't enough income at the highest percentiles to move the needle very far.