Comment 102346

By kevlahan (registered) | Posted June 11, 2014 at 13:53:53 in reply to Comment 102345

I was thinking of wealth taxes that target individuals ... it is certainly true that corporations also pay this wealth tax on property they own but the only wealth tax on individuals is property tax that targets primarily the middle class.

The big drop in top marginal tax rates was in the early 1980s ... I didn't refer to the analysis in the report, only the data. The Fraser Institute certainly has its own biases as well, but the fact that income and wealth is extremely unequally distributed (as well as the fact that fact that the favourable tax treatment primarily benefits the wealthy and allows them to pay a much lower effective tax rate than the bottom 80%) is pretty uncontroversial.

Comment edited by kevlahan on 2014-06-11 13:54:40

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