Fair Taxes? Depends What You Mean by ‘Fair’ - New York Times

How progressive are these numbers?

Fair Taxes? Depends What You Mean by ‘Fair’ - New York Times: "The C.B.O.’s most recent calculations of federal tax rates show a highly progressive system. (The numbers are based on 2004 data, but the tax code has not changed much since then.) The poorest fifth of the population, with average annual income of $15,400, pays only 4.5 percent of its income in federal taxes. The middle fifth, with income of $56,200, pays 13.9 percent. And the top fifth, with income of $207,200, pays 25.1 percent."

(Via .)