The Federal Tax Burden

This is something I needed just for my records. From Marginal Revolution, my new favorite blog:

The effective tax rate is higher on the rich and the rich have more money – put these two things together and we can calculate who pays for the federal government. The final column in the table shows the share of the 2.4 trillion in federal tax revenues that is paid for by each income category. The remarkable finding is that the rich and especially the very rich bear by far the largest share of the federal tax liability.  The top 10% of households by income, for example, pay more than half of all federal taxes and the top 1% alone pay over a quarter of all federal taxes.