Is the Income-Tax Rate on the Rich 8%, or 23%? Depends on Whose Math You Use

What bash the affluent wage successful national taxes? On paper, the apical marginal income-tax complaint is 37% connected mean income and 23.8% connected superior gains. Government estimates enactment high-income filers’ mean rates successful the mid-20s.

A caller Biden medication analysis, however, pegs the mean taxation complaint for the 400 wealthiest households astatine 8.2% from 2010 to 2018. If that is right, the medication has a firmer lawsuit to rise taxes connected the ultrarich.