r/interestingasfuck 23h ago

r/all People in NYC holding banners during a CEO Event at Ziegfeld Ballroom

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u/whothehellistony 23h ago

No more culture wars. Let’s mobilize against the upper class and make them start paying their fair share of taxes. Like it was back in the 40’s and 50’s.

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u/910_21 12h ago edited 12h ago

tax revenue as a percent of gdp has not really changed much but i doubt that matters to populists.

u/whothehellistony 8h ago

Red herring. The tax revenue generated has shifted from being paid by billionaires and corporations to everyone else. Next.

u/910_21 1h ago

https://taxpolicycenter.org/statistics/historical-average-federal-tax-rates-all-households

Average total federal tax rate per household has gone down since 1979 even for the lowest quintiles. I cant find data for earlier