Tuesday, March 13, 2007

More Tax Cuts for the Rich

A while ago I had a post on how the top half of earners in the US pay 97% of the taxes. Well, Carpe Diem did a little more dinging, and produced this chart.

The top 1% of taxpayers paid almost 37% of all federal income taxes in 2004, an increase from 34.27% in 2003. The top 5% paid more than 57% of all taxes in 2004, up from 54.36% in 2003; and the top 10% paid 68.19% in 2004 compared to 65.84% in 2003

So the top 5% pay almost 60% of the taxes in this country, and the share payed by the top few percent continues to rise.

1 Comment:

Paul said...

The more successful you are the, the stiffer the penalty. Now that's incentive.

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