Graph of the Day for June 1, 2010

"The rich are not paying their fair share in any nation that is facing the kind of employment issues [America currently does] - whether it's individual, corporate or whatever [form of] taxation forms."  Hillary Clinton, May 2010.


Data source:  IRS.


Hoven's Index for June 1, 2010


Percentage of Federal income taxes generated in 2007:

By the top 0.2% (AGI of $10 million or more) of tax returns:  9.84%

By the top 0.35% (AGI of $1 million or more):  27.26%

By the top 4.1% (AGI of $200 K or more):  52.28%

By the bottom 55.73% (AGI under $50 K):  9.01%

Average Federal income tax as percentage of income:

For the 35% bracket (top marginal rate):  27.6%

The 33% bracket:  24.8%

The 28% bracket:  21.2%

The 25% bracket:  16.5%

The 15% bracket:  10.5%

The 10% bracket:  5.2%

The 5% bracket:  4.8%

Data source:  IRS.


Graph of the Day Archive.

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