A Better Chart on Taxes and Inequality


This from Karl Smith is a huge improvement on Greg Mankiw’s malfeasance:

I think that by rightwing logic, Italy’s unusually un-progressive tax structure should make it the star economic performer of the western world. As I’ve long said, I think progressives do tend to overemphasize the importance of progressive taxation as opposed to adequate taxation. But people should have the facts. The rich pay a huge share of the total taxes in the United States because they have a huge share of the money.