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April 25, 2011
Graph for the Day for April 25, 2011
"But in the meantime, look, I want all of you to be rich. (Applause.) Now, I don't mean just going out and buying lottery tickets. (Laughter.) I want your small business to be successful. I want you to succeed in your careers. I want everybody to be successful. We don't want to punish success. But what we do want is a society where if we're going to ask everybody to sacrifice a little bit, we don't just tell millionaires and billionaires, oh, you don't have to do anything. You go ahead and just relax, count your money. (Laughter.)" President Obama, April 22, 2011.
Source: Dr. Mark Perry at Carpe Diem.
Hoven's Index for April 25, 2011
IRS data for households with income (AGI) of $200,000 or more in 2007:
Number of tax returns: 4,535,623
Total income: $2.847 trillion
Federal personal income taxes paid: $618 billion
Percentage of all personal income taxes: 55%
IRS data for households with income (AGI) of $200,000 or more in 2008:
Number of tax returns: 4,375,659 (down 3.5% from 2007)
Total income: $2.462 trillion (down 13.5% from 2007)
Federal personal income taxes paid: $537 billion (down 13.1% from 2007)
Percentage of all personal income taxes: 52%
Graph of the Day Archive.