| "Average federal tax rates for all households, by comprehensive household income quintile. 1979 to 2018" at https://www.taxpolicycenter.org/statistics/historical-averag... "Average Total Federal Tax Rate (percent)" is lower for every percentile from 1979 to 2018. Year 1979 2018
Lowest Quintile 9.3 0.0
Second Quintile 15.0 8.1
Middle Quintile 19.1 12.8
Fourth Quintile 21.7 16.7
Highest Quintile 27.1 24.4
All Quintiles 22.4 19.3
81st - 90th Percentiles 23.6 20.0
91st - 95th Percentiles 25.2 21.9
96th - 99th Percentiles 27.1 24.2
Top 1% 35.1 30.2
So is "Average Individual Income Tax Rate (percent)" Year 1979 2018
Lowest Quintile -0.2 -12.0
Second Quintile 4.1 -2.1
Middle Quintile 7.4 2.2
Fourth Quintile 10.1 5.9
Highest Quintile 15.9 15.4
All Quintiles 11.1 9.4
81st - 90th Percentiles 12.3 9.0
91st - 95th Percentiles 14.1 11.4
96th - 99th Percentiles 16.8 15.5
Top 1% 22.6 23.5
That makes it really hard to accept your claim that "Taxes have never been as high as now in recent history."Now, sure, there are state taxes, and sales taxes, and payroll taxes, and all sorts of other taxes. Still, where do you get the numbers to back your statement that after 40+ years of Reaganism and unending legislative attempts to lower taxes, that the numbers now are higher than ever before? |
This calculation does not consider the growth of expenditures specifically (as opposed to receipts) and similarly does not consider the growth of GDP (as opposed to inflation).