Welcome to America: The more money you make, the less taxes you pay

Welcome to America, where the country’s very richest actually pay fewer taxes than the not-so-rich.

Wonkblog’s Chris Ingraham analyzed new data released by the IRS this spring and found that America’s tax system isn’t quite as progressive as it’s purported to be. As the chart above shows, as you go from being merely wealthy (the 1 percent) to super-duper wealthy (the 0.001 percent), your average federal income tax rate actually goes down.

To read in more detail, click “Know More.”

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