“We are in danger of having a tax system that leaves high incomes relatively free of taxation”
That is Nobel Prize winning economist James Tobin … in 1997 from an interview in the book, Reflections on the Great Depression.
Here is some information on the tax share paid by the rich from the Tax Foundation (e.g. “richest” 5% of households pay over 40.3% of all federal taxes). Here is data on who pays the income tax by income class from the National Taxpayers Union (e.g. “richest” 5% of income earners pay over 58% of all income taxes).
I wonder what “relatively unfree” of taxation would mean.