2009 Federal Revenue and Spending Book of Charts

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Income Tax Receipts Stay Constant Even as Tax Rates Decline

The most dramatic decline in the top individual income tax rate, from 70 percent to 28 percent, occurred during the Reagan Administration, yet tax receipts remained relatively constant.

Top Federal Individual Income Tax Rates and Receipts

Tax Rates and Receipts
 
 
Source: White House Office of Management and Budget; The Tax Foundation.

Key Research:
Taxes and Tax Rates

The Clinton Administration Oversaw the Highest Increase in Taxes per Household



Corporate Income Tax Receipts Stay Constant Even as Tax Rates Decline



Corporate Income Tax Cuts Boost Federal Revenues



Current Tax Receipts Below Historical Average



Federal Government Revenues Have More Than Tripled Since 1965



Income Tax Receipts Stay Constant Even as Tax Rates Decline



Connecticut, New York, and New Jersey Have the Highest Percentage of Taxpayers Paying the Alternative Minimum Tax



A Breakdown of Federal Revenue Sources



Taxes per Household Have Risen Dramatically



The Top 10 Percent of Income Earners Paid 71 Percent of Federal Income Tax



Total Tax Burden Is Rising to Highest Level in History