I don't know how to keep the table formatting but try to align the columns under the headers in your mind.
I deleted the early years to keep this post down to one page and recent history. Follow the link if you want more info.
Heiron
Please note the Percent of AGI paid in income taxes of the groups between 5% & 10% and lower (getting rid of the effects of upper income tax payers) and the AGI ($159,619.) to be in the top 5%. I (lower 90%) get screwed because I’m single with no dependents but the groups below the top 5% on average are below the 15% Capital gains rate you so much dislike.
Info from Nathan’s link:
http://www.taxfoundation.org/news/show/250.htmlTable 8
Average Tax Rate, 1980-2008 (Percent of AGI paid in income taxes)
Year Total Top 0.1% Top 1% Top 5% Between 5% & 10% Top 10% Between 10% & 25% Top 25% Between 25% & 50% Top 50% Bottom 50%
2006 12.60% 21.98% 22.79% 20.68% 12.60% 18.86% 9.36% 15.95% 7.01% 13.98% 3.01%
2007 12.68% 21.46% 22.45% 20.53% 12.66% 18.79% 9.43% 15.98% 7.01% 14.03% 2.99%
2008 12.24% 22.70% 23.27% 20.70% 12.44% 18.71% 9.29% 15.68% 6.75% 13.65% 2.59%
Source: IRS
Table 7
Dollar Cut-Off, 1980-2008 (Minimum AGI for tax return to fall into various percentiles; Thresholds not adjusted for inflation)
Year Total Top 0.1% Top 1% Top 5% Top 10% Top 25% Top 50%
2006 0 $2,044,689 $388,806 $153,542 $108,904 $64,702 $31,987
2007 0 $2,155,365 $410,096 $160,041 $113,018 $66,532 $32,879
2008 0 $1,803,585 $380,354 $159,619 $113,799 $67,280 $33,048
Source: IRS