Who's Paying the Most Taxes?

Today's WSJ ran an editorial showing recently released IRS data for tax year 2005. Take a look:



This chart shows that more and more people in the U.S. are entering the ranks of the truly affluent. This represent upward mobility in a truly competitive and dynamic system.

The amount of capital gains taxes and dividend income declared has increased by 50% since the cap gains and dividend taxes were lowered to 15%.