Earlier, I was lazy, and I compared compensation and capital income over time with a measure of capital income that included corporate tax. But, over the long term it is after tax capital income that will equilibrate in domestic incomes. So, I subtracted corporate tax from the "operating surplus" measure. This makes the relationship stronger. Over time, real compensation and real capital income before tax have a .9724 correlation. Compensation and real capital income after tax have a .9756 correlation. This is especially interesting, since corporate taxes are pro-cyclical, and so on a cyclical level, corporate income is more noisy after taxes. (Effective corporate tax rates go up during contractions because losses aren't fully and immediately deductible.) Even with that extra cyclical noise, removing tax from capital profit strengthens the relationship.
Taxing capital income is not an effective way to break us apart. We are the 100%.