Current Events — HabitableZone

Current Events » in reply to re: The right way to look at this

re: The right way to look at this

Yep, that has the right data.

You want to go to table 8 at the bottom.

There you will see that the federal income tax burden on the top 1% has DECLINED steadily over time, today accounting for about 22% of their income, vs 25-27% for the 1987-1999 period.

Note that is measured as share of adjusted gross income, which if I'm rembering correctly means it comes after things like Schedule A deductions (which the wealthy are more likely to have since the poor don't itemize).

Still want to say the burden on the rich has been increasing?

Log in or register to post.

The whole thread (34 posts)