Corporate income taxes are expected to account for less than 11 percent of all federal tax revenue in fiscal 2015. Meanwhile, income taxes paid by regular Americans will account for more than 46 percent of all federal revenue.
How much could our federal government pay for if the top marginal tax rate was raised to 70 percent?
Possibly the single worst thing about it is the cynical way that its supporters want to use it to create an excuse to gut Social Security, Medicare and Medicaid.
Tax Day is April 17, 2017. Want to know what your taxes pay for, and who pays what?
To support this modern-day Poor People’s Campaign, the Institute for Policy Studies has produced an analysis of the campaign’s four core issues: racism, poverty, the war economy/militarism, and ecological destruction.
