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Graph showing US income tax rates for the richest plummeting from 56% in 1960 to 23% in 2018 - lower than working class America s Rutger Bregman & @rcbregman Follow Stunning graph: the plummeting tax rates of the richest Americans. For the first time in history, billionaires have a lower effective tax rate than working-class Americans.

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Graph showing US income tax rates for the richest plummeting from 56% in 1960 to 23% in 2018 - lower than working class America s Rutger Bregman & @rcbregman Follow Stunning graph: the plummeting tax rates of the richest Americans. For the first time in history, billionaires have a lower effective tax rate than working-class Americans.
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Pauline von Hellermann (pvonhellermannn@mastodon.green)'s status on Saturday, 04-May-2024 21:51:34 JST Pauline von Hellermann
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#FollowTheMoney 🧵 30/n
Wow. As Bregman says: Stunning graph: the plummeting tax rates of the richest Americans. For the first time in history, billionaires have a lower effective tax rate than working-class Americans.
Look at 1980 - I do continue to think that *everything* could have been different if Carter hadn’t lost to Reagan.

In conversation about a year ago from mastodon.green permalink