The Distribution of Household Income and Federal Taxes, 2008 and 2009Report released July 10, 2012
Posted 07 August 2012 - 08:54 AM
The Distribution of Household Income and Federal Taxes, 2008 and 2009
Report released July 10, 2012
• Average Before-Tax Income for All Households Fell 12 Percent from 2007 to 2009 in Real (Inflation-Adjusted) Terms
Share of Tax Liabilities Increases with Income
Because average federal tax rates rise with income, the share of federal taxes paid by higher-income households exceeded their share of before-tax income, and the opposite was true for lower-income households.
In 2009, the shares of federal taxes paid by households in certain income quintiles were:
* Lowest quintile: 0.3 percent
* Middle quintile: 9.4 percent
* Highest quintile: 67.9 percent
Posted 07 August 2012 - 11:18 AM
If we talk about increasing tax revenues we change the conversation to something we do want to do.
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