Re:WTF Happened in 1971? (2019)
by crazygringo on Monday November 23, 2020 @05:38PM
(#25192795)
Sure, but the entire point for inequality is the tax brackets, not the overall tax receipts.
As for education, the relevant factor here is college education, not K-12. It's precisely all the benefits accruing to people with a good college education that aren't accruing to those without.
Although the top marginal tax rate has changed drastically throughout America's history, if you look at federal tax receipts as a percentage of GDP, they've been remarkably stable hovering around 17% [0]
Similarly, education spending on K-12 has grown a lot per pupil (in constant dollars) since 1970 [1]. Its roughly doubled (in constant dollars) between 1970 and 2000
[0] https://fred.stlouisfed.org/series/FYFRGDA188S
[1] https://www2.ed.gov/about/overview/fed/10facts/edlite-chart....