01-12-2016, 05:43 PM
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#2157
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College Prospect
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Quote:
Originally Posted by Arles
If you look at the data for top earners during that time (early 50s), their effective tax rate was closer to 49%. What's also interesting is that earners who made over $100,000 (big money at the time) paid less than 5% of the total tax bill. Nowadays, the top tier shoulders nearly half the tax burden. "Soaking the rich" to get more taxes (a la Bernie Sanders) doesn't give that much more money and you always run the risk of reducing the number of eggs that come out of the Golden Goose in the process.
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https://www.irs.gov/pub/irs-soi/09inratesnap.pdf |
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