It’s good to be rich in America, in two graphs
That’s from Josh Bivens at the Economic Policy Institute. Note that during this same time period, the very richest Americans saw their income rise by far more than those in the 20th-99th percentiles, as you can see in this graph from the Center on Budget and Policy Priorities.
So even as the rich were making more and more money, they were paying lower and lower effective tax rates. Sweet deal.
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