TaxProf Blog

Editor: Paul L. Caron
Pepperdine University School of Law

A Member of the Law Professor Blogs Network

Sunday, January 6, 2013

NY Times: Tax Code May Be the Most Progressive Since 1979

New York Times:  Tax Code May Be the Most Progressive Since 1979:

With 2013 bringing tax increases on the incomes of a small sliver of the richest Americans, the country’s top earners now face a heavier tax burden than at any time since Jimmy Carter was president.

The last-minute deal struck by the departing 112th Congress raised taxes on a handful of the highest-earning Americans, with about 99.3% of households experiencing no change in their income taxes. But the Tax Policy Center estimates that the average family in the top 1% will pay a federal tax rate of more than 36% this year, up from 28% in 2008. That is the highest rate since 1979, at least.

(Hat Tip: Mike Talbert.)

http://taxprof.typepad.com/taxprof_blog/2013/01/ny-times--2.html

Tax | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341c4eab53ef017ee6fa3e89970d

Listed below are links to weblogs that reference NY Times: Tax Code May Be the Most Progressive Since 1979:

Comments

Tax rates the most "progressive," and economic growth the stagnant, since Jimmy Carter? This is no coincidence.

Posted by: Jake | Jan 6, 2013 5:54:32 PM