tax law

Tax Justice: Democrats’ Plans to Make the Wealthy Pay More

Gabriel Zucman and Emmanuel Saez

The progressivity of the U.S. tax system has dramatically declined over the past seven decades. The upshot is that for most income levels, the U.S. tax system now resembles a flat tax that becomes regressive at the very top end, meaning the super-rich pay proportionately less. Today, virtually all income groups pay roughly 28 percent of their income in taxes--– except for the 400 richest Americans.

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