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October 15, 2007
Actual Income Tax Data
There is an abundance of ill informed argument on who is paying what portion of personal income taxes in the US. I think this chart adds a whole lot of actual perspective to who is paying what and how progressive our system is:
What that says to me is that our tax system is doing what we want it to do and as the current budget deficit narrows, we have no real need to raise taxes anywhere across the board.
Thanks to Glenn Reynolds, and Greg Mankiw (and their sources) for sharing this data set.
Posted by hoffmang | October 15, 2007 05:43 PM