On July 14th, the IRS held a public hearing for the debt-equity rule (section 385 of the IRS code) that the Treasury Department proposed last April. The hearing, which had as many as 16 speakers from various industries,...
- 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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