[Caligatio]

The trend that is more troubling is the effective tax rate for the 1% of earners is falling (34.47% in 1980 vs 25.99% in 2020) yet their share of total taxes paid is rising (19.05% in 1980 vs 42.31% in 2020). This just highlights the growing income gap between the 1% and everyone else.

[johngladtj]

Or perhaps it's just proving the laffer curve true.