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That chart makes zero sense to your point....taxes comes from lots of sources. There are regressive and progressive taxes. The composition of taxes has changed. And again, it’s not class war, it’s a policy discussion.
Paul, you're a brilliant well-respected guy, the policy discussion these days is about **marginal** rates. Attached is the top marginal rates.....pic.twitter.com/a4NC3GNOxB
Yes, I get that. And those high rates were accompanied by huge tax loopholes. Result: the actual amount of tax paid paid by the rich was lower than you'd expect, roughly the same as today. https://twitter.com/search?src=typd&q=%40paulg%20porous …
Normal people are earning as much as in 1975 while the cost of housing, education, and healthcare is skyrocketing:https://en.m.wikipedia.org/wiki/Real_wages#/media/File%3AUnited_States_real_wages_(red%2C_in_constant_2017_dollars).png …
Call me crazy, but those bonus billions going to the top .01% are better spent on infrastructure, climate change, healthcare, and education!
The top tax bracket would be hitting the .1% not the 1%. Do you have numbers for that?
Numbers presumably exist, but I don't have them. However, since the difference between the official and effective rate was due to tax avoidance, and the .1% can hire highly skilled experts to help them in this department, I predict the difference was as great or greater.
Paul Krugman accused the source you just cited of "deliberate fraud"pic.twitter.com/FsT2SHHRh2
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