Taxes and Spending

Four More Handy Facts to Know About Taxes

meaning of money
Comments (2)
  1. Matt Landon says:

    Dr. Schwartz – I’m a little confused by the data in this post. In looking at Dr Ed’s Blog, the data table that he sites is different than the one presented here. Both your conclusion and his conclusion line up, but that table here shows tax rates increasing – Can you clarify this for me? I was hoping to share this with students.
    Thank you for your time.

    1. Elaine Schwartz says:

      I am not sure if I am answering your question so please let me know. Also this link might be helpful:,percent%20combined%20(29.2%20percent).
      This is how I interpreted the numbers:
      The first sequence of graphs refers to the percent of total tax revenue paid by each group. The second list is about income tax rates for individuals in each group. The first group displays the increasing share of tax revenue that the highest earning income group pays. Meanwhile the second list of numbers shows that the highest earners got an income tax cut but the upper middle class got an even better deal. Do you see it differently?

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