Sunday, December 2, 2012

Tax Burden In Charts

NYT, via Ritholtz:

The third one is the key one.  That is where much of Romney's 47% is paying taxes, while most of his income isn't even taxed under FICA.  Also, the 15% tax on dividends and capital gains is key.  Dividends were taxed as regular income until 2003, so for the very wealthy that was a cut from 35% to 15%.  The state and local taxes have become even more regressive over the years.  The NYT has a nice chart on them also.

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