"Tax brackets" don't indicate true level of taxation on Americans One of my favorite articles on the subject of effective tax rates -- the rates people actually pay on ALL taxes, not just income taxes -- is by Ezra Klein, a columnist with the Washington Post. Written in April 2010, the article is a little dated but still provides a clear picture of just what we're arguing about when we talk about raising taxes on the top 1 percent. We'll come back to that in a minute though. First, a little background. People argue that the rich don't deserve a tax hike because they already have a tax rate of 35 percent, well above other rates available. Firstly, that tax rate is a bit deceiving -- only the richest of the rich actually pay that amount. The tax system is designed so that you are taxed a certain amount of dollars for the income you earn, and THEN all income earned after a certain amount is taxed at your respective rate. For instance, a person earning $300,000 i...