In 2006, the top 20 percent of earners paid 70 percent of all federal taxes. On average, they paid 26 percent of their income to the government. The very richest -- the top 1 percent of taxpayers, with household incomes of over $332,000 -- paid 28 percent of all taxes, with an effective tax rate of 31 percent. The middle three quintiles paid rates of 10, 14 and 18 percent. The lowest 20 percent of households paid only 0.8 percent of all federal taxes -- and the bottom 90 percent of households paid only 45 percent.
Based on these numbers, it would be hard to argue that the country doesn't already have a significantly progressive tax system. Taxes aren't just for suckers, with cashiers paying more of their income than corporate chief executives. Nor is the system egregiously stacked against the wealthy -- who, after all, receive the bulk of the income. The top quintile earned over 55 percent of the income, and the top 1 percent earned a full 19 percent of all income.
Matt Gaetz: Scandals And Controversies
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Tracking scandals and controversies involving Rep. Matt Gaetz, Republican
congressman from Florida. Investigation: Gaetz Was At Party With Minor,
Drugs. “A...
WILD GEESE by Mary Oliver
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Poetry You do not have to be good. You do not have to walk on your knees
For a hundred miles through the desert, repenting. You only have to let the
soft a...
The Southwest Airlines Debacle
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A good technical explanation and a refreshing suggestion: that the remedy
is removing the liability shield and allowing the threat of serious
financial con...
[12+] Dance Moms Abby
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Created by Collins Avenue Productions the show follows the training and
careers of children in dance and show business under the tutelage of Abby
Lee Mil...
Bank accounts
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They're where the money is. Right? Today we want to compare a couple of
public accounts and the relationship between them. One is Indianapolis
public schoo...
Let Bannon and Trump talk. We’ll report.
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*When a top White House* aide called *The New York Times* on Wednesday to
offer up the sort of cartoonish, press-hating invective that has
characterized Pr...
New Poll Shows Trump Up In Indiana By Nine Points
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Every poll taken in Indiana shows Donald Trump leading his Republican
primary opponents in next week's primary election. The latest poll released
by ARG gi...
The Real Motivation of the Pain Caucus
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Above: Publication Appearing in 3 Weeks At Your Dentist’s Office Insults
Your Intelligence Time Magazine made the smart decision to put its dumb
cover stor...
How did Wisconsin become a cesspool?
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Well, there's "Anything Goes" with the judges. These writings have
far-reaching implications, not just for the John Doe investigation
underlying the instan...
The Return!
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Stay tuned...what was once Indy's Painfully Objective Political Analysis
(iPOPA) is undergoing a transformation, but it will be back soon!
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Trouble with the CIB
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Well folks your friendly neighborhood Capitol Improvement Board
("CIB")needs some help.
You might recall that the CIB is the quasi-government agency that r...
Dartmouth Law Journal calling for papers
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The Dartmouth Law Journal (DLJ) is a scholarly law review published three
times a year by undergraduate students under the auspices of the
Rockefeller Cent...