Re:Inheriting is becoming nearly as important as working
by hcknwscommenter on Saturday March 01, 2025 @11:02AM
(#43220581)
source?
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Re:Inheriting is becoming nearly as important as working
by SJC_Hacker on Saturday March 01, 2025 @12:14PM
(#43221351)
Tax revenue as a percentage of GDP historically has floated around 18%
https://www.ceicdata.com/en/indicator/united-states/tax-reve...
Here's the income percentage held by the top 1% 1950-2010
http://piketty.pse.ens.fr/files/capital21c/en/Piketty2014Fig...
While its true that its higher now than it was the 1950s-1980s, its an increase of about 15%.
It if was the case that the very high marginal rates were actually being paid, you would expect the percentage of income held by the top 1% to be much higher.
Here's another source with more direct comparison - how much their income they actually paid in tax
https://taxfoundation.org/data/all/federal/taxes-on-the-rich...