edthecynic
Censored for Cynicism
- Oct 20, 2008
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That part gets my vote!!!!Your link had this sub link, "However, recently released statistics from the Internal Revenue Service" which is where I found that amount in column 54.
Thanks. I clicked that before but did not realize all the info scrolling to the right.
It is an eye opener. Looking at the change in "Tax as a percentage of AGI" from 2001 to 2007 the largest percentage drop is in the highest income earners. They did recover some in 2008 & 2009. I guess the Rich really did get a bigger percent tax break.
Which means we need to overhaul our tax code or go to a flat tax with no deductions, loopholes, or credits. Or at least put a ceiling on deductions and clamp down on the req'ts for tax exempt foundations.