Tax Rates for Middle Class Increases; Tax Rates for Rich Decreases

Alex Carter's picture
Submitted by Alex Carter
April 11th, 2008
Posted in

Between 1960 and 2004, the average tax rate fell by nearly 14 percentage points for the top 1% of earners, while it has increased slightly (from 15.9% to 16.1%) for earners in the middle 20%.

Source
John Irons. Corporate tax declines and U.S. inequality. Economic Policy Institute. April 9, 2008.
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