Who pays America’s tax burden, and who gets the most government spending?
From the Tax Foundation:
Overall, we find that America’s lowest-earning one-fifth of households received roughly $8.21 in government spending for each dollar of taxes paid in 2004. Households with middle-incomes received $1.30 per tax dollar, and America’s highest-earning households received $0.41. Government spending targeted at the lowest-earning 60 percent of U.S. households is larger than what they paid in federal, state and local taxes. In 2004, between $1.03 trillion and $1.53 trillion was redistributed downward from the two highest income quintiles to the three lowest income quintiles through government taxes and spending policy.
Those are eye-popping figures, though I withhold my final judgement until I examine the methodology behind this analysis.
posted Mar 25, 2007, 7:15pm by Rodolpho Carrasco
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