The Rich and Corporations Carry the Tax Burden? Yeah, Right

—By Jonathan Stein

| Wed Dec. 17, 2008 8:01 AM PST

Kevin helped drive a stake through the heart of a favorite conservative trope yesterday when he put up a chart illustrating the effective tax rate on the rich and superrich. (Hint: It's only slightly higher than the middle and upper middle classes.) This article should finish it off. Guess what the effective tax rate on Goldman Sachs, which made $2.8 billion in 2008, will be this year? One percent.

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