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Wealthy Americans must pay their fair share

The richest 1% saw their share of before-tax income more than double since the 1980s, according to the OECD.
Tax rates for high-income earners and corporations have decreased significantly since the 1970s.
Capital gains constitute a large portion of income for wealthy individuals and large firms.
The top tax rate decreased from 70% to 35%; capital gains are taxed at 20%; corporate profits are taxed at 21%.
Lower taxes for the wealthy have not hindered economic growth, as seen after World War II and in the 1990s.

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Hawaii Tribune-Herald

Center

The rich need to pay more taxes - Hawaii Tribune-Herald

The share of before-tax income going to the richest 1% of taxpayers has more than doubled in the last half-century. This massive upward redistribution of income was primarily a result of the ability of the rich to structure the economy in ways that benefited them: trade agreements, longer and stronger patent monopolies, and a hugely bloated financial industry.

14 hours ago

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Journal Gazette & Times-Courier

+24 Reposted by 24 other sources

Center

Wealthy Americans must pay their fair share

The share of before-tax income going to the richest 1% of taxpayers more than doubled since the 1980s, according to the Organization for Economic Cooperation and Development.

1 day ago

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AZCentral

Lean Left

The wealthiest Arizonans are paying this much in taxes, study finds

It's tax season and the deadline is fast approaching. This is how much the top 1% in Arizona pays in taxes. How does your tax return compare?

2 days ago·Phoenix, United States

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DV Journal

Lean Right

Counterpoint: The Rich Need to Pay More Taxes – DV Journal

For an alternative viewpoint, see “Point: For the Left, Is There Anything ‘Taxing the Rich’ Can’t Do?” The share of before-tax income going to the richest 1 percent of taxpayers has more than doubled in the last half-century. This massive upward redistribution of income was primarily a result of the ability of the rich to structure the economy in ways that benefited them: Trade agreements, longer and stronger patent monopolies, and a hugely bloa…

2 days ago

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