The bottom income quintile pays 17.4% of their income in taxes, while the top 1% pays 29%. The middle quintile pays just 3.8 percentage points less than the top 1%.

As you can see in the chart below, two types of taxes -- personal income tax and payroll taxes for Social Security, Medicare, unemployment, and other retirement programs -- amounted to more than ...

As the chart above shows, the share of taxes collected from “the rich” increased over time from about 14-15% in the 1970s to almost double that amount by the late 1990s and was as high as 29% ...

Trump administration's trade policy produces monthly revenue of $29.6 billion in July as officials explore debt reduction ...

There are two salient points here. First, as the graph illustrates, as tax rates declined, government revenue increased. Second, there is a strong negative correlation between the two.

The tax discussion is moving to personal income taxes, and the world is waiting to hear the actual Republican proposal, due tomorrow (Thursday).

But the tax landscape was a lot different before World War II. In 1934, the earliest year with complete data from the White House Office of Management and Budget, individual income taxes accounted ...

The 25,000 dots on the chart above each represent an American household in the broadly defined middle class. The vertical axis represents income; the horizontal axis represents how big a tax cut ...