What Barack Obama's Tax Plans Really Look Like

More

Oh look, here's a surprisingly fresh and original sentiment from an op-ed in the Wall Street Journal about the future of the Obama administration: "the Europeanization of America will again be in full gear, from expanding government control and regulation of as many things as possible, to raising taxes, expanding the size of government, and reducing the choices individuals are allowed." The article goes on to talk about higher taxes, unprecedented big government, etc. Bracing, original stuff.

Anyway, the good people of the Tax Policy Center released their estimates on the future distribution of federal taxes today (PDF), and in the year 2012 it looks a little something like this:

tpc tax distribution 2012.png

The vast majority of taxpayers will pay at a substantially lower effective rate than they do under current law, and at a slightly lower rate than under the baseline (since some Bush tax provisions expire).

Jump to comments
Presented by

Conor Clarke is the editor, with Michael Kinsley, of Creative Capitalism. He was previously a fellow at The Atlantic and an editor at The Guardian. More

Conor Clarke is the editor, with Michael Kinsley, of Creative Capitalism, an economics blog that was recently published in book form by Simon and Schuster. He was previously a fellow at The Atlantic and an editor at The Guardian. He is also on Twitter.
Get Today's Top Stories in Your Inbox (preview)

Why Do Men Assume They're So Great?

Katty Kay and Claire Shipman, authors of this month's Atlantic cover story, sit down with Hanna Rosin to discuss the power of confidence and how self doubt holds women back. 


Elsewhere on the web

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus

Video

Where Time Comes From

The clocks that coordinate your cellphone, GPS, and more

Video

Computer Vision Syndrome and You

Save your eyes. Take breaks.

Video

What Happens in 60 Seconds

Quantifying human activity around the world

Writers

Up
Down

More in Politics

Just In