Earlier this month I highlighted a potential tax compromise brewing in Illinois. State senate Republicans and Democrats released a proposal to increase Illinois’s individual income tax and corporate income tax, expand...
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- 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?
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