The Wall Street Journal's David Wessel has a useful primer on basic U.S. tax facts today. While highlighting the top one percent's increased share of nation wealth, Wessel also notes: From Ronald Reagan to Barack Obama, the tax code has been tweaked and the economy has had its ups and downs, and the share of federal taxes paid by the top 5% and the top 1% has risen faster than their share of income:
A data point on the conservative side
A data point on the conservative side
A data point on the conservative side
The Wall Street Journal's David Wessel has a useful primer on basic U.S. tax facts today. While highlighting the top one percent's increased share of nation wealth, Wessel also notes: From Ronald Reagan to Barack Obama, the tax code has been tweaked and the economy has had its ups and downs, and the share of federal taxes paid by the top 5% and the top 1% has risen faster than their share of income: