Tag: Taxpayers
-
Tax Burden of Top 1% Now Exceeds That of Bottom 95%
Tax Foundation: Tax Burden of Top 1% Now Exceeds That of Bottom 95% Newly released data from the IRS clearly debunks the conventional Beltway rhetoric that the "rich" are not paying their fair share of taxes and disproportionately benefited from the Bush tax cuts. Indeed, the IRS data shows that in 2007—the most recent data…
-
62 Million “Taxpayers” Will Pay NO Tax in 2008
Carp Diem (Mark Perry): 62 Million "Taxpayers" Will Pay NO Tax in 2008 On the day after Tax Day, Mark Perry points us to this graph: Perry writes: The JCT staff estimates that approximately 62 million "taxpayers," or 37% of the 170 million taxpayers, will have no tax liability in 2008 and generally have a…
-
Top 1% of Taxpayers Pay Almost 40% of All Taxes
Carpe Diem (Mark Perry): Top 1% of Taxpayers Pay Almost 40% of All Taxes Concerning the top tiers, Perry writes, "The tax shares are the highest on record for these groups in comparable IRS data going back to 1986." This fits well with what I've read about the Bush tax cuts. A greater percentage was…