No. of Recommendations: 4
EdithKeeler and jwiest are referring to the highest marginal tax rates, which are, in fact, much lower now than they were when we enjoyed great economic growth in the 50s and 60s.

The rich pay more in taxes now, but they control far more of the nation's wealth than they did then. Barring a super-race of remarkably smart and productive wealthy folk (were their predecessors 50 years ago so much dumber or less productive?), this just means the rich are richer than they were in comparative terms 50 years ago. Guess what that means about how much of the nation's wealth is held by everyone else compared to 50 years ago?

And yet some advocate for squeezing the bottom quintiles harder for taxes, because a maximum 39 percent marginal tax rate is so hard for today's richer Richie Rich (paying an effective tax rate of 13 percent or so) to bear.
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