Showing posts with label progressive income taxes. Show all posts
Showing posts with label progressive income taxes. Show all posts

Friday, February 27, 2009

Historical Tax Rates by Quintiles

Lowest quintile: 4.3 percent
Second quintile: 9.9 percent
Middle quintile: 14.2 percent
Fourth quintile: 17.4 percent
Percentiles 81-90: 20.3 percent
Percentiles 91-95: 22.4 percent
Percentiles 96-99: 25.7 percent
Percentiles 99.0-99.5: 29.7 percent
Percentiles 99.5-99.9: 31.2 percent
Percentiles 99.9-99.99: 32.1 percentTop 0.01
Percentile: 31.5 percent

N.B.: These figures include all federal taxes, not just income taxes.

source (HT: Greg Mankiw)