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The tax burden for the top 1% _income_ earners can totally increase while the tax burden for the top 1% wealthy decreases (they earn from dividends, not work)
by sensenmann 4y ago
The tax burden for the top 1% _income_ earners can totally increase while the tax burden for the top 1% wealthy decreases (they earn from dividends, not work)
- refurb 4y agoIt’s literally in the data link I posted. The top 25% saw their tax burden increase, the bottom 75% decrease.
- sensenmann 4y agoAccording to your link the share of Income of the bottom 75% also decreased. Than it is not surprising to see their tax burden decrease. Also, the trend seems to be the other way around: Tax rates of the top households have continuously decreased. [1] https://www.sltrib.com/opinion/commentary/2019/10/07/david-leonhardt-rich/ https://www.sltrib.com/opinion/commentary/2019/10/07/david-l... [1] https://static01.nyt.com/images/2019/10/04/us/tax-trump-wealth-promo-1570228395029/tax-trump-wealth-promo-1570228395029-videoSixteenByNineJumbo1600.png https://static01.nyt.com/images/2019/10/04/us/tax-trump-weal... [2] https://www.washingtonpost.com/business/2019/10/08/first-time-history-us-billionaires-paid-lower-tax-rate-than-working-class-last-year/ https://www.washingtonpost.com/business/2019/10/08/first-tim... [2] https://arc-anglerfish-washpost-prod-washpost.s3.amazonaws.com/public/JA2PZ6DJBFC57D5HWYGFCIA57Q.png https://arc-anglerfish-washpost-prod-washpost.s3.amazonaws.c...