The effective tax rate for the 400 richest Americans is declining. Yglesias opines:
This is only 400 people so it’s not like you can balance the budget just by soaking them, but “If the richest 400 Americans simply paid the same effective rate in 1995 as they did in 2007, the government would have collected over $3 billion in additional revenue.” That’s not nothing.
Reihan sprinkles grains of salt.
The Dish 
