Greg Mankiw demonstrates that federal taxes remain as progressive as ever. Remember that when the Democrats start talking about raising taxes to ensure that the 'rich' pay 'their fair share:'
Lowest quintile, 4.5
Second quintile, 10.0
Middle quintile, 13.9
Fourth quintile, 17.2
Highest quintle, 25.1
Top 10 percent, 26.9
Top 5 percent, 28.5
Top 1 percent, 31.1
Those numbers include all federal taxes, expressed as a percentage of household income.
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