journalist
Aimee Picchi
Associate managing editor for CBS MoneyWatch, reporting on personal finance, the economy, and tax policy.
The case for taxing wealth, argument by argument.
Associate managing editor for CBS MoneyWatch, reporting on personal finance, the economy, and tax policy.
Rebuts the claim with total-tax-rate evidence. "Factoring in all federal, state and local taxes, those ultra-wealthy households pay a total rate of about 23% — that compares with 24.2% for the bottom half of households." Headline income-tax shares mask a system that is regressive at the very top.