| Top .001% Income-Earners | 90-99.99% | 80-90% | 60-80 | 40-60 | 20-40 | |
|---|---|---|---|---|---|---|
| 1960 | 71.4 | 34.58 | 17.4 | 16.7 | 15.9 | 13.9 |
| 1970 | 74.6 | 36.76 | 20.5 | 20.7 | 20.2 | 18.5 |
| 1980 | 59.3 | 40.1 | 26.7 | 24.5 | 21.4 | 16.3 |
| 1990 | 35.4 | 31.06 | 26.2 | 24.3 | 21 | 16.2 |
| 2000 | 40.8 | 34.82 | 26.4 | 23.9 | 20 | 13.1 |
| 2004 | 34.7 | 30.1 | 22.7 | 20.5 | 16.1 | 9.4 |
Total federal tax rate paid by American households, grouped by income
Tax Rates for American Households
Sources:
elsa.berkeley.edu, economix.blogs.nytimes.com
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As Congress and the President have argued how to handle the federal deficit, disagreement invariably arises over raising taxes. While President Obama has called for tax increases on the upper-class, Republicans have insisted rather on even more stringent spending cuts. Since the 1960s, rates for the highest income-earners have precipitously dropped, while, for the middle-class, they have increased.