Bracket Racket

“Whatever Buffett’s specific situation, most wealthy Americans did not actually pay a lower tax rate than the middle class. ‘Is it the norm?’ the fact-checking outfit Politifact asked. ‘No.’ Time for an update: It’s the norm now.” NYT: For the first time on record, the 400 wealthiest Americans last year paid a lower total tax rate … than any other income group.

Copied to Clipboard