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The effective tax rate for the rich has stayed very flat over time, and it has never been 90%. That is an internet myth that is somehow floated around that mos
by VirusNewbie 3y ago
The effective tax rate for the rich has stayed very flat over time, and it has never been 90%. That is an internet myth that is somehow floated around that most people don't bother to check up on.
- harimau777 3y agoIt looks like effective tax rate may have stayed mostly the same overall but fallen for the rich: https://www.taxpolicycenter.org/taxvox/effective-income-tax-rates-have-fallen-top-one-percent-world-war-ii-0 https://www.taxpolicycenter.org/taxvox/effective-income-tax-...
- VirusNewbie 3y agoThat conflates capital gains and income tax, which to be fair I didn’t specify. But yes, with capital gains rates, effective tax rates have gone down. Income tax mostly the same.