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The Presidency of the School of Education – 2021-07-13
In the here and now, the ultrawealthy use an array of techniques that aren’t available to those of lesser means to get around the tax system.
Celine Crestin, 39, regretted her chosen career until recently. She earned a communications degree and started her career working in retail management, then management for the federal government, but felt unfulfilled and struggled to pay off her student loans. “Then I became a single parent and couldn’t make risky career moves, as I had little to no savings and a lot of debt,” she says. “I don’t think my degree was worth it.”
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"I feel cast aside. No one has touched base with me or said even said 'hi' in over a year," says the grandmother-of-three, who works for a pen manufacturing and sales company.
In the early years, the personal income tax worked as Congress intended, falling squarely on the richest. In 1918, only 15% of American families owed any tax. The top 1% paid 80% of the revenue raised, according to historian W. Elliot Brownlee.
