NEWS FLASH
Tax Rates For Millionaires Have Fallen 25 Percent Since 1995 | The Center for American Progress’ Seth Hanlon took a look at new IRS data and found that “as a percentage of their incomes, millionaires are now paying about one-quarter less of their income to federal taxes than they did in the mid-1990s”:
“Millionaires paid an average tax rate of 22.4 percent in 2009, down by a quarter since 1995, when they paid an average of 30.4 percent,” Hanlon noted.
Previous in TP Economy
By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.