Quote:
From: Congressional Budget Office - Effective Federal Tax Rates Under Current Law, 2001 to 2014
The top 1% pay 22.7% of taxes.
The top 10% pay 50% of taxes.
The top 20% pay 65.3% of taxes.
The top 40% pay 84.3% of taxes.
and..
The bottom 20% pay 1.1% of taxes.
So despite all tax breaks, shenanigans, cayman accounts, etc. The top 10% of wage earners pay 50% of ALL taxes in this country while the bottom 20% pay about 1%. That's pretty friggin progressive.
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Tax analysis like the above do not take into consideration the amount of taxes that are levied on those who have the ability to pass them on to others (who in effect actually wind up paying them indirectly). This is the basis for my earlier estimate that the poor and middle class probably pay 40% to 70% of their income to support our government.