The Atlantic

The Rich Are Different From You and Me. They Pay Less in Taxes.

Very rich Americans play by different rules than the merely well-off and the working poor. Joe Biden’s tax plan wouldn’t do much to change that.
Source: Eduardo Munoz / Reuters

The tax code is progressive. Economists and analysts and politicians agree on very little when it comes to economic policy, but on that they broadly concur. Rich people fork over a higher percentage of their earnings to the government than poor people do, and the whole of government acts as a kind of Robin Hood Rube Goldberg machine, taking from the well-off and redistributing

You’re reading a preview, subscribe to read more.

More from The Atlantic

The Atlantic17 min read
How America Became Addicted to Therapy
A few months ago, as I was absent-mindedly mending a pillow, I thought, I should quit therapy. Then I quickly suppressed the heresy. Among many people I know, therapy is like regular exercise or taking vitamin D: something a sensible person does rout
The Atlantic4 min readAmerican Government
How Democrats Could Disqualify Trump If the Supreme Court Doesn’t
Near the end of the Supreme Court’s oral arguments about whether Colorado could exclude former President Donald Trump from its ballot as an insurrectionist, the attorney representing voters from the state offered a warning to the justices—one evoking
The Atlantic4 min read
Hayao Miyazaki’s Anti-war Fantasia
Once, in a windowless conference room, I got into an argument with a minor Japanese-government official about Hayao Miyazaki. This was in 2017, three years after the director had announced his latest retirement from filmmaking. His final project was

Related Books & Audiobooks