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> What gives you the impression we don't tax the rich? The top tax rate perhaps: * https://fred.stlouisfed.org/series/IITTRHB https://fred.stlouisfed.org/seri
by throw0101a 2y ago
> What gives you the impression we don't tax the rich?
The top tax rate perhaps:
* https://fred.stlouisfed.org/series/IITTRHB https://fred.stlouisfed.org/series/IITTRHB
Maybe just a coïncidence that inequality started going up around 1980, when it was cut the most.
- bpt3 2y agoYes, it's likely it was a coincidence given that many loopholes were closed at the same time and the effective rate wasn't changed much. The US has the most progressive tax code in the developed world, and the average American has more disposable income than their peers anywhere else on Earth. Why is it that the upper class is the only one that needs to kick in more?