I posted some numbers about a week ago on taxes, income, and wealth, and I’d like to follow up with the questions asked in the title, “Are the rich taxed too much or too little?” If we look at Federal Income Taxes, the top 1% of income earners pay a …
There are a couple of particularly interesting stats in the Spending and Taxes commentaries I posted last week. The first relates to the percentage of income individuals in different income brackets pay in state and local taxes. The bottom quintile of income earners pay 12% of their income in state …
Adjusted Gross Income and Federal Income Taxes in 2010 The top 1% of income earners in America earned 16.9% of all adjusted gross income and paid 34.3% of all federal income taxes for Tax Year 2009. The top 5% of income earners, including the top 1%, earned 31.7% of all AGI …
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