~~datahazard~~
@fentasyl · May 5, 2024
It's crazy how much money the IRS now sends to people who don't pay income tax (via, primarily, the EITC).
Over $100B/year every year since 2008.
Phil Magness@PhilWMagness· May 4, 2024To summarize, Zucman's "stunning graph" in the NYT is a result of two acts of data manipulation.
1. He suppresses the true effective tax rate on the rich over time by misallocating corporate tax incidence to them.
2. He simultaneously inflates the rate for the poor by excluding
Elon Musk
@elonmusk
Wow
03:29 AM · May 5, 2024 · 86.7K views
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