Income Tax

Alexander Sewell's picture

Middle Class Pays More in Taxes

Submitted by Alexander Sewell
October 14, 2008

U.S. taxpayers with the very highest incomes pay income taxes worth only 18 percent of their income on average, compared to 25 percent for the typical American.

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[CBPP]
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Alexander Sewell's picture

Unfair Taxes, Benefit Wealthy, Hurt Middle Class

Submitted by Alexander Sewell
October 14, 2008

Today, the top federal income-tax rate for ordinary income is 35 percent, meaning that earned income is taxed at a rate 2 1/3 higher than income from capital gains

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[Citizens for Tax Justice]
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