Wednesday, November 26, 2008
This chart comes from RealClearMarkets and is too good to not pass around. The yellow bars represent the share of total taxes paid by the top 10% of households, while the magenta bars represent the share of total taxes paid by those same households. The U.S. ranks as the most progressive country, with the top 10% paying fully 45% of all income taxes—"the highest tax-to-income ratio of any country."
Posted by Scott Grannis at 11:54 AM