Instapundit links to this post from TaxProf Blog, which has a very tidy table illustrating that the Top .1 % of earners pay quite a high proportion of the total tax bill, the Top 5% a substantial proportion of the total tax bill, the Top 20% the preponderance of the total tax bill, and the Bottom 20% of earners a very small proportion of the total tax bill. All of that may miss the point: what proportion of their incomes does each category pay out in federal taxes? All taxes? Isn’t that how progressivity is measured?
Doesn’t the table only tell us that the incomes of the very rich are very high, indeed, and the incomes of the lowest quintile rather low?
UPDATE: Submitted to the Beltway Traffic Jam