Average Top Incomes: 1981 vs. 2008

Average Top Incomes: 1981 vs. 2008

Under current law, the top income tax rate applies to all earners making above $373,650—treating the merely affluent no different than the super rich. This doesn’t make sense. A couple making $400,000 a year in a major metro area is certainly very well-off, but they are not rich in the way of a CEO who pulls down $10 million a year. The tax code should reflect this reality by including new brackets for the richest of the rich.

This chart was originally featured in Taxes Matter: 2011a series of infographics and writings by Demos on the need for progressive tax reform.