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Proves that "Reaganomics" works, but not for the reasons commonly stated. Raise income tax rates and the rich will shift or defer income. Lower income taxes to a reasonable rate, it becomes "cheaper" to just pay the taxes rather than shift or defer them - and total tax dollars collected goes up. This is true up to hitting the magic equilibrium tax rate on income.
The already rich pay what they want to pay. The people who are trying to get rich are the ones getting screwed.
Ever wonder why most ultra-rich people, the ones who did not earn their own money (trust-fund babies, entertainers, etc.) are Democrat? Because Democratic economic policy benefits them and poor people.
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