For the first time on record, the 400 wealthiest Americans paid a lower tax rate
What a shit article.<p>It's well known that despite the high marginal tax rates of the past, very few people ever paid those.  Deductions abound that have since been eliminated.<p>What you should really look at is <i>real</i> effective tax rates by income level.[1]  What you'll find is that the top 1% make 19% of all income, but pay 37% of all taxes, with an average tax rate of 27%.<p>The bottom 50% earn 11% of all income, but only pay 3% of all taxes, for an effective rate of 3.73%.<p>[1]<a href="https://taxfoundation.org/top-1-percent-tax-rate/" rel="nofollow">https://taxfoundation.org/top-1-percent-tax-rate/</a>