> One way to get a fix on this is to use aggregate IRS numbers. The
> average rate between 1992 and 1994 -- bracketing the enactment of
> Nathan's beloved rate increase -- goes from .25 to .28 for the top 1.1
> percent (basically those with $200K and over in AGI).
<snip>
> Between 1995 and 1999, bracketing the capital gains debacle, the
> average effective rate of the top one percent (based on microdata)
> went down, from 23.8 to 22.6 percent.
What happened between 1994 and 1995 to make the rate go down from .28 to 23.8? That seems like the biggest jump.
Michael
__________________________________________________________________________ Michael Pollak................New York City..............mpollak at panix.com