The Washington Post has denounced the inclusion of bonus depreciation in the just-passed tax extenders bill for 2014. The correct term is “partial expensing.” There is nothing “bonus” about it. The...
- The Tax Policy Blog
- The Income Tax Burden of the Top 1%: A Geographical Pers...
The Income Tax Burden of the Top 1%: A Geographical Perspective
In 2009, the top 1 percent of taxpayers—1,379,822 of them—paid more than the bottom 90% combined. Geographically, this is equivalent to a city the size of San Antonio, TX paying more in income taxes than every person living west of the Mississippi.
Likewise, the top 0.1 percent—138,000 taxpayers—paid a greater share than the bottom 75%. In other words, a city the size of Dayton, OH would have paid more than a country the size of Germany.
Would Dayton San Antonio be agreeable to such a reality?
Follow David S. Logan on Twitter @Loganomix
Subscribe to the Tax Foundation Newsletter
Join the Tax Foundation's fight for sound tax policy Go
About the Tax Policy Blog
The Tax Policy Blog is the official blog of the Tax Foundation, a non-partisan, non-profit research organization that has monitored tax policy at the federal, state and local levels since 1937. Our economists welcome your feedback. If you would like to send an e-mail to the author of a blog post, please click on that person's name to locate his or her e-mail address or visit our staff page here.