Today, the Tax Foundation is honoring six individuals with the second annual award for Outstanding Achievement in State Tax Reform. As the award’s name suggests, the honorees were selected due to their extraordinary...
- Graph: Tax Burden of Top 1% Now Exceeds That of Bottom 95%
Graph: Tax Burden of Top 1% Now Exceeds That of Bottom 95%
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A JPG and PDF are available for download at the bottom of this page.
For an analysis of the most recent IRS data on who pays how much federal individual income tax, see Tax Foundation Fiscal Fact No. 183, at http://www.taxfoundation.org/legacy/show/250.html.
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Every year, the IRS adjusts more than 40 tax provisions for inflation. This is done to prevent what is called “bracket creep.” This is the phenomenon by which people are pushed...
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