PrintSeptember 26, 2009
Graph of the Day for September 26, 2009
"These folks can afford it. They were rich back in the 90s."
President Barack Obama, in support of his proposed "tax increases on families earning $250,000 or more a year" as reported by the Washington Times.
Federal Income Tax Rates and Total Revenues
Date sources: top marginal rates from the IRS, Historical Table 23, federal revenue 1930-2002 from US Statistical Abstract, Historical Statistics, federal revenue 2003-07 from US Statistical Abstract, Table 451.
Hoven's Index for September 26, 2009
Percentage of federal income tax returns filed by those reporting incomes (AGI) of $200,000 or more in 2005: 2.7%.
Percentage of federal income taxes paid by those reporting incomes (AGI) of $200,000 or more in 2005: 51%.
Data source: US Statistical Abstract, Table 470.
