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Here's the most important chart IMO. (From a Piketty paper)pic.twitter.com/gMZu1rfENI
It supports an important point: that the tax burden on lower incomes is too high. But it contradicts the point you started with.
Which point is that? That there's a real policy issue and it's not class warfare? Can we agree that this a real discussion and the current tax system is not "fair" and discussing changes is a good thing?
Obviously not all talk about tax policy is class war, any more than all talk about immigration policy is culture war. But recently both have taken that turn. Which was the whole point of my original tweet.
But the source of income for the 1%/0.1% isn't primarily wage income like it used to be so the effective rate is irrelevant for them. They pay lower taxes on the non wage income that now composes a significant portion of their total income.
Need to see % of total income paid in tax across income percentiles. I suspect the 99% pay much closer to their "effective tax rate" than the 1% or 0.1%. Need to analyze returns data to get there though, not look at publicly available tax rate info.
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