A history of the top marginal tax rates on the wealthiest Americans:
1940: 81%
1950: 84%
1960: 91%
1970: 72%
1980: 70%
1990: 28%
2000: 40%
2010: 35%
For 50 years, corporate backed politicians in Congress have slashed taxes to line the pockets of their wealthy donors.
@rbreich
And then there are deductions and loopholes that reduce their taxes so much that Warren Buffett, for example, pays a lower tax rate than his secretary.
In 2008, top 400 richest Americans (income > $110,000,000) paid only 18% of their income in income taxes.
https://obamawhitehouse.archives.gov/sites/default/files/Buffett_Rule_Report_Final.pdf
