Foundation

Funding the Federal Government with Tax Hikes

Many pundits and politicians have complained that the wealthy are not paying their "fair share" of income taxes. Others have suggested raising taxes to pay for new spending programs. If the tax rates that income earners currently pay isn't fair, what rate would be? The information below provides a static analysis of revenues from theoretical tax hikes based on the latest income tax data reported by the IRS. Additional commentary on this data is available here.