My Wish Is His Command

In direct response to my complaint (okay, not really, but a guy can dream, right?) about how the graph he put up isn’t quite the relevant one, Ezra posted a follow-up this morning.  This time, he puts up info about the share of taxes and share of after-tax income for the various quintiles.  Check it out:

So, not surprisngly, the richest 20% pay a higher share of taxes than their share of income, and they are the only quintile whose share of after-tax income is lower than their share of pre-tax income (although the fourth quintile is almost exactly the same pre- and post-tax.)  However, even for the top 20%, the difference in their share of post-tax income is maybe 5% lower than their share of overall income.  That undoubtedly means a shit-ton of money, but still leaves them with two-and-a-half times the share of after-tax income as the next-highest quintile.  As Ezra points out, the concept of a ‘tax burden’ is a fairly subjective idea – the rich pay much more, but they can much more easily afford it.  Hard to say if they have a higher burden or not…

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