August 25, 2009
The Distribution of Federal Taxes, 2009-12
Overall, the federal tax system is progressive: on average, households with higher incomes pay taxes that are a larger share of their income. Under current law, our tax laws will change markedly in each of the next few years, significantly altering the system's progressivity between now and 2012. This paper summarizes the Tax Policy Center's latest estimates of the distribution of federal taxes for each year from 2009 through 2012.
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Tracked on Aug 26, 2009 12:39:17 PM
Explain to me again how the "rich" don't pay their "fair share".
Posted by: Borris | Aug 25, 2009 6:37:45 PM
Since you asked: According to Adam Smith, the taxes of a nation should be paid by those who hold its wealth. Thus, the top 1% wealthy people who hold over 90% of the wealth should pay at least 90% of the taxes.
You don't have to agree. But pretending not to understand the argument.....
Posted by: Andre | Aug 26, 2009 9:02:55 AM
Andre, you are entitled to your own opinion, but not to your own facts. CBO has the relevant data:
The highest quintile, 10%, 5%, and 1% of tax payers, pay more taxes, and a higher percentage of their per-tax and after-tax incomes than do lower quintiles.
Posted by: Fat Man | Aug 26, 2009 4:12:40 PM