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by woooooo 695 days ago
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?

1 comments

It’s not absolute dollars. It’s the percentage of the total tax burden that they’re paying.
Because income inequality is growing, they have more of the total money, they're paying more of the total taxes despite a lower rate.

Whether you think that's a good thing or a bad thing, it's hard to call it progressive.