As Rich Get Super-Rich, They Pay Lower Taxes
Washington — One of the cornerstones of American income tax policy is that taxes are progressive. People who make more money devote a higher share of their income to federal income taxes than people who make less money. That allows for a redistribution of wealth that lowers inequality. At least, that’s how it’s supposed to work. But data out this spring from the Internal Revenue Service gives us a closer look at how such taxes work at...
