"The rich are not paying their fair share in any nation that is facing the kind of employment issues [America currently does] - whether it's individual, corporate or whatever [form of] taxation forms." Hillary Clinton, May 2010.
Hoven's Index for June 1, 2010
Percentage of Federal income taxes generated in 2007:
By the top 0.2% (AGI of $10 million or more) of tax returns: 9.84%
By the top 0.35% (AGI of $1 million or more): 27.26%
By the top 4.1% (AGI of $200 K or more): 52.28%
By the bottom 55.73% (AGI under $50 K): 9.01%
Average Federal income tax as percentage of income:
For the 35% bracket (top marginal rate): 27.6%
The 33% bracket: 24.8%
The 28% bracket: 21.2%
The 25% bracket: 16.5%
The 15% bracket: 10.5%
The 10% bracket: 5.2%
The 5% bracket: 4.8%
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