Barrons says theys do: Redefining 'Wealthy' - Barrons.com
The share of the tax burden paid by households in the top 20% of U.S. income distribution -- those with average pretax incomes of $248,400 -- increased significantly between 2000, Bill Clinton's last year as president, and 2006, the latest year for which reliable data is available.
The top 20% of households in fact paid a record-high 86.3% of all taxes in 2006, versus 81.2% under Clinton.
The bottom 20% of income earners saw their share of federal income taxes drop, from minus 1.6% in 2000 to minus 2.8% in 2006. (The figures are negative because many in the lower quintile pay no income taxes, but receive money from child tax and other credits.)
The share of the tax burden paid by households in the top 20% of U.S. income distribution -- those with average pretax incomes of $248,400 -- increased significantly between 2000, Bill Clinton's last year as president, and 2006, the latest year for which reliable data is available.
The top 20% of households in fact paid a record-high 86.3% of all taxes in 2006, versus 81.2% under Clinton.
The bottom 20% of income earners saw their share of federal income taxes drop, from minus 1.6% in 2000 to minus 2.8% in 2006. (The figures are negative because many in the lower quintile pay no income taxes, but receive money from child tax and other credits.)
