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Politics : Mainstream Politics and Economics
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To: JBTFD who wrote (33781)11/9/2012 9:48:46 AM
From: longnshort2 Recommendations  Read Replies (1) of 85487
 
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:

In the 1980s, the top 5% averaged 22.6% of income and paid 28.5% of taxes.

In the 1990s, the top 5% averaged 25.3% of income and paid 34.3% of taxes

In the 2000s, the top 5% averaged 28.4% of the income and paid 40.3% of the taxes.

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