And who fault was [Carter's bad economy] then?
So why do you suppose the rich pay still the majority of the Fed income tax even then?
The inflation that began in 1979 happened because of the Iranian Revolution of that year. That led to shortages in petroleum. Carter was not responsible for that revolution. President Eisenhower was. In 1953 he directed the CIA to help overthrow the democratic government of Iran and install the Shah as absolute monarch. The Shah was never a popular leader. The Iranians resented us for imposing him on them. When they overthrew him in a popular revolution they expressed that resentment by not selling us oil.
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Institute on Taxation and Economic Policy, April 11, 2019
Who Pays Taxes in America in 2019?
For years, Americans have been told that the rich are paying a highly disproportionate share of the nation’s taxes. Claims to that effect often focus on just one tax, the federal personal income tax, which is indeed progressive overall. But when the nation’s tax system is viewed in its entirety, it becomes clear that the reality is very different. Despite their enormous incomes and wealth, the nation’s richest taxpayers are paying a share of overall taxes that slightly exceeds their share of income...
in 2019, the richest 1 percent of Americans will collect more than $1 in $5 of income in the United States (20.9 percent) and will pay a slightly higher share of the nation’s overall federal, state and local taxes (24.1 percent).
Meanwhile, the poorest fifth of Americans will receive only a small fraction of the nation’s income (2.8 percent)...
Commentators seeking to create the impression that high-income households are paying an outsized share of the nation’s taxes tend to focus their attention narrowly on the most progressive taxes. It is true that some of our revenue sources are quite progressive, including the federal personal income tax, corporate income tax and estate tax.[1]
But Americans pay other federal taxes that are not progressive...
Americans also pay state and local taxes that are particularly regressive, meaning they capture a larger share of income from low- or middle-income families than from wealthy families...
State and local sales taxes are paid by virtually everyone. These are particularly regressive because poor families have little choice but to spend all their income buying necessities while wealthy families can save most of their income, shielding it from sales taxes...
the graph below shows that the effective total tax rate—the total federal, state and local taxes paid as a share of income—is higher for those at the top than for those at the bottom, but the difference is less than commonly believed.
Who Pays Taxes in America in 2019? – ITEP