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"almost no one" is consistent with the ultra-high income earners (e.g. top 10,000). This article sites Piketty and Saez, "the top 0.01 percent paid an average
by ks2048 2y ago
"almost no one" is consistent with the ultra-high income earners (e.g. top 10,000).
This article sites Piketty and Saez, "the top 0.01 percent paid an average total federal tax rate of 71.4 percent in 1960 compared to 34.7 percent in 2004".
Okay, 71.4% is not %90, but still pretty high.
- hindsightbias 2y agoPeople dreaming of going back to Leave It To Beaver times might want to rethink that.