Income and Outgo – David O'Rear's East Asia Politics & Economics Blog
In the 1950s, American households contributed 50.8% of federal tax revenue, corporations 31.9%, and various other sources (production taxes, excise taxes, customs duties, etc) the remaining 17.3%. By the 1980s, personal taxes were 75.0%, but corporate taxes had fallen to just 14.5%, about where they are in this century. But personal taxes are now 78.9%,…