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PrintApril 26, 2010
Graph of the Day for April 26, 2010
"The rich just don't have enough money. You either have to tax more of the income distribution or find other sources of revenue." Roberton Williams, senior fellow at the Urban Institute.
"There is a growing awareness of the need for fundamental tax reform. I think a VAT and a high-end income tax have got to be on the table." Sen. Kent Conrad (D-ND).
"I know that there's been a lot of talk around town lately about the value-added tax. That is something that has worked for some countries. It's something that would be novel for the United States. And before, you know, I start saying 'this makes sense or that makes sense,' I want to get a better picture of what our options are." President Obama.
Data source: IRS.
Hoven's Index for April 26, 2010
Share of total federal income taxes paid by the top 1% of taxpayers:
In 1987: 24.81%
In 1997: 33.17%
In 2007: 40.42%
Source: IRS.
Graph of the Day Archive.
