Dan Carlin said:
backintexas2013 said:
Can you show me where people have said that? I think it's a terrible tax system and everyone should pay the same percentage I have never seen anyone call that communism.
A flat tax is a simple and noble idea that I think would be fiscally disastrous and drive further wedge between the haves and have-nots. But it's a legitimate idea worth exploring.
But the moment someone points out that the erosion of the American middle class coincided with the massive restructuring of tax laws and other fiscal policies known as "Reaganomics", rightwing keyboard warriors are frothing in a pavlovian response as they shout MARXISM!!
Share of federal income taxes paid has steadily shifted towards the rich since tax law changes in '81 and '86. I don't think we can look at tax bracket changes as the reason for erosion of the middle class since either way you look at it the middle class has lowered their share of federal tax burden over time, or they moved up to the join the rich. I think this latter shift is largely ignored when the issue of income inequality comes up.
We never hear about it. We only hear about the negative shift the other direction.
1980:
- Top 1% paid 20% of taxes
- Top 10% paid 50% of taxes
2024:
- Top 1% paid 40% of taxes
- Top 10% paid 72% of taxes
As you can see, we have fewer and fewer people with skin in the game.