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These numbers are very misleading. If you at the graph of effective tax rates of the 1% going back to the 1950s, the 1% only paid slightly more in income taxes
by fbonetti 7y ago
These numbers are very misleading. If you at the graph of effective tax rates of the 1% going back to the 1950s, the 1% only paid slightly more in income taxes than they do now (~40% vs ~35%).
https://taxfoundation.org/taxes-on-the-rich-1950s-not-high/ https://taxfoundation.org/taxes-on-the-rich-1950s-not-high/
- cs702 7y agofbonetti: Please do NOT misrepresent what I wrote! My post clearly mentions that the table is "one of many possible examples," and that I have not been able to find a relationship. Please do not attack a straw-man :-) PS. FWIW, I chose this particular table as an example mainly because much of today's political debate, e.g., in the US Democratic party, is about raising marginal tax rates for the highest brackets.