Hacker News new | ask | show | jobs
by anon49124 2810 days ago
91% for millionaires, like the good ol' days.
2 comments

The percentage of all taxes paid by the top 10% hasn’t really changed over the past century.

Despite have marginal rates >70%, very few people ever paid them.

True for the top 10%. Put in the top 1% (~$500k), though, on the effective tax rate chart at https://qz.com/74271/income-tax-rates-since-1913/ and you'll see it has dropped significantly for that population (by about half) since about 1980.
If we're throwing clearly partisan sources around:

Sort-of. http://www.slate.com/blogs/moneybox/2017/08/07/the_history_o...

For a less partisan source, with a neat "pick your income" chart that illustrates the flaws in the Mises argument for sky-high incomes (try anything over ~$500k/year), https://qz.com/74271/income-tax-rates-since-1913/