Illinois Rep. Lou Lang, Rep. Christian Mitchell, and Emily Miller of Voices for Illinois Children just held a press conference to respond to criticism of their proposed graduated income tax proposal. The proposal, which...
- Number of Paying and Non-Paying Tax Returns by Type of Re...
Number of Paying and Non-Paying Tax Returns by Type of Return, 2005
June 02, 2008
Key Findings The combined top federal tax rate on equity-financed corporate income in the United States is 50.47 percent, compared to a top federal tax rate of 43.4 percent on other business income. Equity-financed corporate income is subject...
Key Findings This year, Tax Freedom Day falls on April 24, or 114 days into the year (excluding Leap Day). Americans will pay $3.3 trillion in federal taxes and $1.6 trillion in state and local taxes, for a total bill of almost $5.0 trillion,...
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