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by dragonwriter 1867 days ago
> Those in the Top Quintile (~200k in 2010 and ~250k today, so right in the middle of your proposed hosed bracket)

Actually, not. Your numbers are household, not individual quintiles; the proposed “hosed" bracket bracket is about about 92nd-98th percentile by individual income.

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> the proposed “hosed" bracket bracket is about about 92nd-98th percentile by individual income

The figures get even worse in this case. The 95th percentile of individual income has far greater wage and wealth growth over the last 40 years.

Based on numbers from the U.S. Census Bureau, over the past twenty five years, the 95th percentile income household has grown from an aggregate share of income of 21.2% (in 1994) to 23.0% (in 2019).