Weekly Update

Stat of the Week

Between 2003 and 2012, new IRS stats show, the average federal income tax rate paid by America’s bottom 99 percent rose from 9.64 to 10.38 percent. Over the same span, the tax rate paid by the top 0.001 percent — Americans making over $62 million in 2012 — fell from 20.63 to 17.6 percent.

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