Who Pays the Taxes in the United States? And Why?

Today is Tax Day, and you’ve probably noted a few different narratives swirling around concerning taxes. One narrative is that the top earners in the US pay a disproportionate amount of taxes. This is known as a progressive tax rate. But other commentators have noted that the progressive tax rate applies for Federal income taxes but not for other taxes. If you consider all taxes—payroll, state, and local—the tax rate starts to look almost proportional percentage-wise. First, the top ten Read more […]