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[+] 12 points 2 years ago* (last edited 2 years ago) (2 children)
  • [–] 4 points 2 years ago

    Are you including the fact that $100,000 in the 1950s is more than $1million after accounting for inflation?

    According to some quick googling, $1,300,000 is the modern equivalent of $100,000 in 1950. That would put you in the top 5% earners (and very nearly in the top 1%). According to the IRS, the top 5% contribute about 65% of the tax burden.

    The top 25% make up about 90% of contributions, but that starts around $70,000 annual income.

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  • [–] 2 points 2 years ago

    that is fascinating... do you have some longer easy to read source to learn about this topic?

    also, you say those earning 100k in 1950's only carried 20% of tax burden and now they carry 80%... what exactly is tax burden and is that number inflation adjusted? how big fraction of income distribution are we talking about?

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