A 25% Top Tax Rate
futureofcapitalism.com

Roughly ten years ago there was a small dinner in Brooklyn Heights to mark the departure of Amity Shlaes from the editorial board of the Wall Street Journal and her accession to a column at the Financial Times. The dinner was held at a now-defunct restaurant around the corner from the home of the then-editor of the Journal, Robert L. Bartley. Another editor in attendance was Robert Thomson, then the editor of the U.S. edition of the Financial Times, now the managing editor of the Wall Street Journal.

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Averages and Incomes
futureofcapitalism.com

From a Wall Street Journal news article today headlined "High-Earning Households Pay Growing Share of Taxes":

Average pretax incomes for the top 20% grew from $140,300 in 1979 to $264,700 in 2007, in inflation-adjusted dollars; for the top 10%, they grew from $182,800 in 1979 to $394,500 in 2007 according to the Congressional Budget Office

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A 25% Top Tax Rate
futureofcapitalism.com

Roughly ten years ago there was a small dinner in Brooklyn Heights to mark the departure of Amity Shlaes from the editorial board of the Wall Street Journal and her accession to a column at the Financial Times. The dinner was held at a now-defunct restaurant around the corner from the home of the then-editor of the Journal, Robert L. Bartley. Another editor in attendance was Robert Thomson, then the editor of the U.S. edition of the Financial Times, now the managing editor of the Wall Street Journal.

Read More...

Averages and Incomes
futureofcapitalism.com

From a Wall Street Journal news article today headlined "High-Earning Households Pay Growing Share of Taxes":

Average pretax incomes for the top 20% grew from $140,300 in 1979 to $264,700 in 2007, in inflation-adjusted dollars; for the top 10%, they grew from $182,800 in 1979 to $394,500 in 2007 according to the Congressional Budget Office

Read More...