Monday, January 30, 2012

Look at just how progressive the U.S. tax system is

By James Pethokoukis

Great, great table from the Tax Foundation looking at the average real income tax rate for various income groups. People with adjusted gross incomes of less than $100,000 pay 8 percent or less. People making $500,000 or more pay no lower than 22 percent on average. The overall average rate is 11 percent. Looks pretty progressive to me …

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