Wonklife

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The taxes Americans really pay, in two graphs

When we focus on the federal income tax, we miss all the taxes that low-income Americans do pay. The payroll tax, for instance. And state sales taxes. And lots of local taxes. Indeed, 

Citizens for Tax Justice, a left-leaning tax policy group, produces a study every year showing the total tax burden for different groups once federal, state and local taxes are taken into account. And when you include all the taxes people pay, then, as you can see in the graph atop this post, it turns out that most Americans do pay taxes, and they in fact pay about as much as the rich.

Filed under Graphs taxes

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“As you can see, Romney is the clear anomaly by a long shot, raising nearly 90 percent of his total haul from larger contributions. By contrast, only around 40% of Obama’s donations are from individuals who have given more than $200 total and his smaller contributors alone raised more money in total than Romney’s entire fundraising operation. For the rest of the Republican field, the ratio is somewhere closer to 50-50 — take a look at the total small donor cash for Gingrich and Paul, for example, and you see that their huge disadvantage versus Romney is almost entirely due to the frontrunner’s bigger contributors.” (via Two Charts That Should Make Romney Gulp | TPM2012)

“As you can see, Romney is the clear anomaly by a long shot, raising nearly 90 percent of his total haul from larger contributions. By contrast, only around 40% of Obama’s donations are from individuals who have given more than $200 total and his smaller contributors alone raised more money in total than Romney’s entire fundraising operation. For the rest of the Republican field, the ratio is somewhere closer to 50-50 — take a look at the total small donor cash for Gingrich and Paul, for example, and you see that their huge disadvantage versus Romney is almost entirely due to the frontrunner’s bigger contributors.” (via Two Charts That Should Make Romney Gulp | TPM2012)

Filed under Politics Graphs Romney Obama