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Did the effective tax rate change on the top quantile from 1980 to 2013, or did they just earn a lot larger fraction of income?
by robrenaud 6y ago
Did the effective tax rate change on the top quantile from 1980 to 2013, or did they just earn a lot larger fraction of income?
- SpicyLemonZest 6y agoIt changed a lot. The marginal rate for someone earning $100,000 in 2020 dollars (so $31,837 in 1980) was 44% then and 24% now.
- readams 6y agoIn 1980 the top quintile earned 44% of the income and in 2013 51%. So the tax structure became much more progressive over that time. In 2019 it was 52% of the income.