As President Obama prepares to roll out another tax increase proposal targeting capital gains and dividends, it’s instructive to look at what happened the last time he did that. Fortunately, the IRS just released...
- Visualizing America’s Tax Returns
Visualizing America’s Tax Returns
Putting a Face on Who Earns What and Who Pays What
Washington, D.C., April 11, 2013—With the deadline for filing federal tax returns swiftly approaching, millions of Americans are focused on how much they pay in taxes. The release of President Obama’s 2014 budget and its proposed tax increases has also left many Americans questioning how the current tax burden is split between the poor, the middle class, and the rich.
The Tax Foundation’s chart book “Putting a Face on America’s Tax Returns” captures the facts behind the ever-changing demographics of America’s taxpayers and corrects many misleading assumptions about who pays what when it comes to federal taxes in the United States.
From income inequality to effective tax rates to the demographics of high-earning households, the 29 charts in “Putting a Face” give readers and researchers the data they need to understand where the money that’s paying for government services is coming from. It also identifies long-term trends that could dramatically impact the nation’s fiscal future.
The Tax Foundation is a nonpartisan research organization that has monitored fiscal policy at the federal, state and local levels since 1937. To schedule an interview, please contact Richard Morrison, the Tax Foundation’s Manager of Communications, at 202-464-5102 or firstname.lastname@example.org.
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