Saturday Links Posted on February 17, 2024February 17, 2024 by John C. Goodman The top 1% now pay almost half of all federal income taxes – the highest in history. Why isn’t UV light everywhere? Bad news on alcohol: binge drinking affects microbe in your gut and makes you crave alcohol even more. More bad news on drinking and the microbiome. (NYT: gated) Trump tax cuts: the rich are now paying more than ever. Can recessions be good for our health?
“Share of tax burden” doesn’t mean much unless adjusted for “share of income.” Which of the two grew faster during the given period? Loading... Reply
You have to include payroll taxes when you compare the tax burdens of the rich vs. the working class. When you add in the payroll taxes — which the rich largely escape, in terms of Social Security — the overall percentages are much closer. Loading... Reply
“Share of tax burden” doesn’t mean much unless adjusted for “share of income.” Which of the two grew faster during the given period?
You have to include payroll taxes when you compare the tax burdens of the rich vs. the working class.
When you add in the payroll taxes — which the rich largely escape, in terms of Social Security — the overall percentages are much closer.