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Graph: Historical Marginal Tax Rate for Highest and Lowest Income Earners https://commons.wikimedia.org/wiki/File:Historical_Marginal_Tax_Rate_for_Highest_and_
by insickness 5y ago
Graph: Historical Marginal Tax Rate for Highest and Lowest Income Earners
https://commons.wikimedia.org/wiki/File:Historical_Marginal_Tax_Rate_for_Highest_and_Lowest_Income_Earners.jpg https://commons.wikimedia.org/wiki/File:Historical_Marginal_...
- revnode 5y ago
- mymllnthaccount 5y agoHow is it deceptive when it clearly states that is what it is doing?
- revnode 5y agoCharts can be deceptive even if the axes are clearly labeled. It's deceptive exactly for the reasons I stated. It excludes the majority of the data from the chart.
- chrismcb 5y agoThe chart isn't deceptive. It clearly states what it is. You can USE it deceptively. But that didn't mean the chart itself is deceptive. In this particular case the idea is to compare the top earners to the lowest earners. The middle isn't important.
- rootusrootus 5y ago> Who cares about the extremes? What fraction of taxpayers pay the minimum rate?
- datavirtue 5y agoEvery single one of them according to the charts.
- azinman2 5y agoIt’s still interesting, and I bet many on HN hit that top bracket.
- Victerius 5y agoWhen he died, Benjamin Franklin bequeathed $5,000 to the city of Boston. This was a large sum at the time. Today, it's just a paycheck for a software engineer.
- kdmccormick 5y agoWhat does that have to do with tax brackets?
- Victerius 5y agoIn 1862, marginal tax rates were 3.0% for income over $600 and 5.0% for income over $10,000.
- kdmccormick 5y agoOkay, but is there a point you are trying to make? Honest question.
- cplusplusfellow 5y agoMaybe he’s making the point that income tax brackets are rarely adjusted for inflation. The $250k (single) and $400k (couple) brackets haven’t changed - except for 11 years out of the past 25 - but you can buy a heck of a lot less with that sum of money now.