The Case for Higher Taxes at the Very Top

The wealthiest 400 Americans have the lowest federal income-tax rates

Bloomberg Opinion
Oct 8 · 4 min read

By Noah Smith

The New York Times recently released a dramatic infographic showing how much less progressive U.S. tax system have become since 1950. When the animation starts, most taxpayers are paying about 20% of their income in taxes, but the top 1%…

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