That analysis you linked isn’t about income taxes. The NYTimes analysis is just about income taxes. It is the first time, although the report is on data that’s a few years old
Yeah I know, it is about the total effective tax rate of various income levels. It clearly demonstrates how the ultra ultra wealthy are able to pay less tax. In theory we are supposed to be on a progressive tax system. In reality at a certain income level it becomes regressive. Just focusing on income tax regardless of the rate. Will never show a full picture. There are other taxes that everybody pays. It is much more telling to understand how the whole package works instead of just focusing on one part.
And that is without tax loopholes and evasions. The ultra wealthy have more than enough money to pay the accountants and tax lawyers needed to under report their income.
That analysis you linked isn’t about income taxes. The NYTimes analysis is just about income taxes. It is the first time, although the report is on data that’s a few years old
Yeah I know, it is about the total effective tax rate of various income levels. It clearly demonstrates how the ultra ultra wealthy are able to pay less tax. In theory we are supposed to be on a progressive tax system. In reality at a certain income level it becomes regressive. Just focusing on income tax regardless of the rate. Will never show a full picture. There are other taxes that everybody pays. It is much more telling to understand how the whole package works instead of just focusing on one part.
And that is without tax loopholes and evasions. The ultra wealthy have more than enough money to pay the accountants and tax lawyers needed to under report their income.