According to the data, the share of federal taxes paid by the top 1% increased from about 15% in 1979 to 25% in 2019, while the share paid by the bottom 20% decreased from about 20% to 15%.
That's absolute dollars right? As in, they're paying more total dollars in income tax, despite a lower tax rate, because they're making so much more compared to 79? (Income inequality has steadily gone up).
What was their effective rate in those years? What percentage of their income are they paying compared to the nonrich, and how did it trend?
What was their effective rate in those years? What percentage of their income are they paying compared to the nonrich, and how did it trend?