09-12-2007, 11:18 AM
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#32
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Senior Member
Join Date: Apr 2004
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Quote:
Originally Posted by jeffk
Since 1980 the Amount of taxes paid by the top 1% of highest earners has gone from 19% to 37% of the total paid while the lowest 50% of earners has dropped from 7% of the total in 1980 to 3.3% in 2004.
In short, the highest earners shoulder the vast majority of the individual income tax burden and have have significantly increased the portion of the total that they pay since 1980!
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