Dmytro Kharkov

Jeremy Horpedahl: Chart shows modest drop in top 1 percent tax rates since mid 40s

Jeremy Horpedahl: Chart shows modest drop in top 1 percent tax rates since mid 40s
Chart shows top tax rate decline

Jeremy Horpedahl shares a chart from PSZ 2018 showing historical changes in tax rates for the top 1 percent of earners. There is no dramatic drop, but rather a modest decline from rates in the mid 40 percent range to the mid 30 percent range, which remain significantly higher than the average tax rate.

Horpedahl has commented on other recent financial developments. He noted a stock rising more than $100 in after-hours trading, reaching over $680 in a previous report. He has also discussed how the rising value of positional goods such as real estate can influence economic sentiment in another analysis. These topics add further context to his focus on economic trends and income data.

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