“The gaps in after-tax income between the richest 1 percent of Americans and the middle and poorest fifths of the country more than tripled between 1979 and 2007,” according to the Congressional Budget Office. And while that gap has been growing, the tax burden has also shifted. Washington Post columnist E.J. Dionne noted how “the effective federal income tax rate for the 400 taxpayers with the very highest incomes declined by nearly half in just over a decade, even as their pretax incomes have grown five times larger.”
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