Here’s my contribution to today’s tax day festivities: an effort to get you to think about federal taxes a little bit differently than usual. Normally, when we talk about taxes, we end up talking about percentages of people: the top 1% pay a certain amount, the bottom third pay a different amount, etc. But this is the wrong way to look at things. What we ought to be looking at is percentages of income.
One of the best analysis of income taxes I have ever seen…Puts a new spin on the talking points you are always hearing. This chart says it all but go read the whole thing, Kevin has done some great work here:
Here is what he considers optimal…
And here is the actual…