Monday, October 24, 2011

Economics:  Tax Rates and Taxes Paid, by Wealth

Here's a look at effective tax rates, a measure that includes federal income taxes, payroll taxes, and excise taxes [by income level].
Here are two more graphs to take you home: the first shows share of income by quintile and the second shows share of federal income taxes by quintile. What you'll see is that income inequality is behind tax burden inequality.

For more, see One of These Graphs Will Make You Angry About the Rich and Taxes by Derek Thompson, October 6, 2011 at The Atlantic.

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