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America has the most progressive tax system

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12/8/2011 2:50:20 PM
Posted: 6 years ago
According to a study by researchers from the Organization for Economic Cooperation and Development; when it comes to household taxes America has the most progressive tax system and collectss the largest share of taxes from the richest 10% of the population.

Old article but It's got to be even worse now.
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12/8/2011 3:18:23 PM
Posted: 6 years ago
The Gini ratio (Gini tax over Gini income) is probably the most accurate, since it looks at the entire tax and income tables, while the last three only look at taxes and incomes of the top 10%. Since "progressive taxes" describes the total tax structure, is should look at the total tax and income curves.

But I'm not sure what numbers they are using for the last 3. According to (also from the tax foundation) the top decile hasn't held only 45.1% of taxes since the before the 80's, but likewise, the average gross income shares hasn't been 33.5% since 1985.

If we use the numbers from that chart, than the last column (ratio for the Top10%), we find for the US...

2006 - 1.50
2007 - 1.48
2008 - 1.53
2009 - 1.63

However, we can also see that the average tax rate paid is going down.

2006 - 18.86%
2007 - 18.79%
2008 - 18.71%
2009 - 18.05%

And if we look at just the top 0.1% going back to 2001, we see...

2001 - 28.20%
2002 - 28.49%
2003 - 24.64%
2004 - 23.09%
2005 - 22.52%
2006 - 21.98%
2007 - 21.46%
2008 - 22.70%
2009 - 24.28%

So we can see that it too was going down until the crash. When 2010 and 2011 numbers come out it should be fairly interesting.
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