Skip to main content

View Diary: Most Americans saw their total tax rates fall over the past 30 years. But the rich made out best (37 comments)

Comment Preferences

  •  Excellent diary, MB. (0+ / 0-)

    Anyone with an open mind who reads this diary cannot help but conclude that taxes need to go up for the rich.  I find the following insightful, though I think that it is worse in reality than it reads in the diary:

    Households earning more than $350,000 paid 20 percent of the nation’s taxes in 2010, 1.37 times their share of total income, while in 1980, those households paid taxes equaling 1.56 times their share of income. The change was larger before the recession, which reduced investment income, as in past recessions.
    It would be really interesting to know how much their share of income and wealth has increased since 1980 while their share of the tax burden has dropped.

    "A candle loses nothing by lighting another candle" - Mohammed Nabbous, R.I.P.

    by Lawrence on Tue Dec 04, 2012 at 01:05:55 AM PST

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site