Federal Taxes on the Wealthy
Cal Berkeley professor Robert Reich claims that “decades ago, wealthy Americans” paid “far higher” federal tax rates than they do “today.”
IN FACT, the full federal tax rate on the richest 20% of Americans has been roughly level for more than four decades — as far back as reliable data extend. The richest 1% currently pay about 2.7 times the tax rate of the middle class and 86 times more money:
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