“Without any fanfare or philosophical debate, millionaires and middle-class Americans now pay taxes at almost the same rates.
…Has leveling out federal income tax rates produced a cornucopia of financial benefits?
The answer is probably yes — if you’re a millionaire. And probably no — if you’re almost anyone else. Flattened, and thus lower, tax rates have contributed to huge increases in the wealth of the wealthy, but so far most people haven’t seen significant economic improvement.” (LA Times)
