Declining Taxation Of The Super-Wealthy

The 400 richest taxpayers in America pay a higher effective income tax rate than do the rest of us, but the gap is small and shrinking according to a new analysis from Rob Williams (via Catherine Rampell):

It’s true that the overall share of the tax pie being paid by the very rich has increased during this period. That’s because notwithstanding falling tax rates, their share of pre-tax income has grown so quickly that their share of overall taxes is increasing.