Interesting New Tax Information

Indifference

The trend isn't what you hear in the media:

http://www.taxfoundation.org/blog/show/24944.html

OffHeGoes29

Interesting....thank you for posting that

SundaySilence

This trend is a result of the distribution of wealth that has changed over the last 20 years. This trend will inevitably continue if wealth of the united states is further transferred into the hands of fewer people. As the middle class shrinks it leaves the top tier making proportionately more taxable transactions.

decides2dream

perhaps i am missing something but....

top 1% tax burden = 40.4%
bottom 95% tax burden = 39.4%

so.....1% difference in 'burden'....and yet i imagine that 'burden' feels a lot heavier on the lower incomes than that extra 1% for the top 1% actually feels.

Indifference

decides2dream wrote:

perhaps i am missing something but....

top 1% tax burden = 40.4%
bottom 95% tax burden = 39.4%

so.....1% difference in 'burden'....and yet i imagine that 'burden' feels a lot heavier on the lower incomes than that extra 1% for the top 1% actually feels.

You have the facts accurate - just that there are 95 times as many people in one of the groups.

SundaySilence

Indifference wrote:

You have the facts accurate - just that there are 95 times as many people in one of the groups.

And the other group owns 38% of the wealth in the united states.