One of the most important provisions in the new House GOP tax plan is the disallowance of the business deduction for net interest expense. While this is not the sort of tax provision that most individuals handle on a day...
- Fraction of Each Quintile's Total Tax Burden Account...
Fraction of Each Quintile's Total Tax Burden Accounted for by Each Type of Tax, Calendar Year 2004
Note: This table measures the economic incidence of taxes rather than the legal incidence. For a more detailed explanation, see "Who Pays Taxes and Who Receives Government Spending? An Analysis of Federal, State and Local Tax and Spending Distributions, 1991-2004," Tax Foundation Working Paper, No. 1, March 2007, available at http://www.taxfoundation.org/files/wp1.pdf.
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