April 23, 2015

Verdict: The Republicans’ Cynical Tax Game–Undercut the IRS, Blame the IRS, Repeat

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For example, according to estimates from the Institute on Taxation and Economic Policy, the top one percent of U.S. taxpayers in 2015 will earn 22.2 percent of all income, and they will pay 23.8 percent of all taxes. The next 4 percent of taxpayers will receive 14.4 percent of all income and pay 15.2 percent of taxes. This is hardly the picture of a Swedish-style redistributive state. It is true that the top one percent pay a large fraction of taxes, but that is because they earn such a large fraction of income.

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