Re:Luna Cryptocurrency Collapse: How UST Broke
by sensenmann on Saturday May 14, 2022 @09:31AM
(#31377752)
The tax burden for the top 1% _income_ earners can totally increase while the tax burden for the top 1% wealthy decreases (they earn from dividends, not work)
[ Parent
| on HN ]
Re:Luna Cryptocurrency Collapse: How UST Broke
by refurb on Saturday May 14, 2022 @09:58AM
(#31377972)
It’s literally in the data link I posted.
The top 25% saw their tax burden increase, the bottom 75% decrease.
Re:Luna Cryptocurrency Collapse: How UST Broke
by sensenmann on Saturday May 14, 2022 @10:11AM
(#31378086)
According to your link the share of Income of the bottom 75% also decreased. Than it is not surprising to see their tax burden decrease.
Also, the trend seems to be the other way around: Tax rates of the top households have continuously decreased.
[1] https://www.sltrib.com/opinion/commentary/2019/10/07/david-l...
[1] https://static01.nyt.com/images/2019/10/04/us/tax-trump-weal...
[2] https://www.washingtonpost.com/business/2019/10/08/first-tim...
[2] https://arc-anglerfish-washpost-prod-washpost.s3.amazonaws.c...