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But the percentage of income taxes born by the top income earners has only increased over time. It’s decreased for all the lower income levels. https://files.
by refurb 3y ago
But the percentage of income taxes born by the top income earners has only increased over time.
It’s decreased for all the lower income levels.
https://files.taxfoundation.org/legacy/docs/TaxShareTop1Bottom90_0.png https://files.taxfoundation.org/legacy/docs/TaxShareTop1Bott...
- gruez 3y ago"percentage of income taxes born" =/= "Effective Tax Rate" For instance, if the top 1%/millionaires earned more income (as a proportion), you'd expect the "percentage of income taxes born" figure to go up, even if the effective tax rates remained constant or dipped slightly.
- refurb 3y agoTrue, but regardless the top 1% is paying a greater and greater share of total tax burden.