Statistics Script

Search This Blog

Sunday, February 20, 2011

Federal Tax Share By % Of Income Over Time

This chart, developed by retired Western Asset economist, Scott Grannis, shows the individual income tax revenue produced by various "top tax rates" over time.  In 1980 the top 10% in earning paid 50% of the tax, whereas in 2008 they paid 70%.  The amount paid by the top 1% accounts for over 10% of the increase.

No comments: