Help....

[one_voice]

I'm looking for the chart that compares how much the rich pay (taxes) vs. everyone else. Was posted recently,(it's blue and tan I believe) and I can't find it. Help...please.

Thanks in advance.

[gateley]

1. Here's ONE -- but I've seen others, too --

Edit to remove my 'cut and pasted chart' -- forgot I had to take extra steps to post it here. It's at the link, though.


What to make of all those swirling lines? The chart shows how tax burdens for different income levels have fluctuated over the last century, adjusted for inflation. Blue areas represent a historically low tax burden for a specific income level, while red areas represent a historically high burden.

So in a nutshell, the chart shows that until around 1940, tax burdens were low for everyone, in historical terms. Then they rose sharply for everyone until about 1970. At that point, the rich and poor began to diverge. Those making around $10,000 to around $50,000 per year enjoyed a comparatively low-tax period in the 70s, but by the early 80s they were taxed slightly higher than the historical average. In the 2000s, their tax rate came back down a bit. By contrast, those making more than roughly $200,000 a year saw a sharp decrease in their tax burden starting in the 80s. That trend has continued to this day.

It's clear, then, that across the board, today's tax rates are low by historical standards--and for the rich they're very low. If the bottom of the chart showed more red and less blue, our deficit problem would be a lot more manageable.

The chart also has implications for another topic we've written about here before--wealth and income inequality. As you can see, no one's taxes today are particularly high by historical standards, but those making $1 million or more per year--that is, roughly the top 1 percent--enjoy the lowest burden, relative to past rates.

http://news.yahoo.com/s/yblog_thelookout/20110316/ts_yblog_thelookout/chart-shows-low-tax-burden-for-rich;_ylt=AqQRacAOhjtfyjgybwmruXWs0NUE;_ylu=X3oDMTRscmw0dHIwBGFzc2V0A3libG9nX3RoZWxvb2tvdXQvMjAxMTAzMTYvY2hhcnQtc2hvd3MtbG93LXRheC1idXJkZW4tZm9yLXJpY2gEY2NvZGUDbW9zdHBvcHVsYXIEY3BvcwM0BHBvcwMxBHB0A2hvbWVfY29rZQRzZWMDeW5faGVhZGxpbmVfbGlzdARzbGsDY2hhcnRzaG93c2xv

[one_voice]

2. Thank you!

I hate when I'm looking for something and I can't find it. I just saw it the other day, bookmarked it, and still can't find it. :banghead: