Increasing Individual Taxes and Decreasing Corporate Taxes as a Comparison
The Solid Line shows the percentage of total federal tax revenue paid by individuals’ income taxes on salaries. The Dashed Line shows the percentage of total federal tax revenue paid by corporations’ taxes.
The Evaporating American Dream: The Declining Percentage of Americans Earning More Than Their Parents by Birth Year
The Evaporating American Dream: Increasing Taxes on Salary Income
The Dot-Dashed Line shows the Declining Percentage of American Children Earning more than their Parents by Birth Year. The Solid Line shows the percentage of total federal tax revenue paid by individuals’ income taxes on salaries.
The Evaporating American Dream: The Correlation of the Increasing Taxes on Salaries and Decreasing Taxes on Corporations
The Dot-Dashed Line shows the Declining Percentage of American Children Earning more than their Parents by Birth Year. The Solid Line shows the percentage of total federal tax revenue paid by individuals’ income taxes on salaries. The Dashed Line shows the percentage of total federal tax revenue paid by corporations’ taxes.
Correlation of the Increasing Wealth Gap and Declining American Dream to Increasing Taxes on Salaries and Decreasing Taxes on Corporations
The Dot-Dashed Line shows the Declining Percentage of American Children Earning more than their Parents by Birth Year. The Solid Line shows the percentage of total federal tax revenue paid by individuals’ income taxes on salaries. The Dashed Line shows the percentage of total federal tax revenue paid by corporations’ taxes. Wealth Gap: The dotted line shows the percentage of total wealth owned by 10 percent of the US.
Summary Comparison: Taxes Collected Under the IRS Code and the ABT Tax System
Ratio of Transactions to Income by Income Group: Evidence of a Progressive Nature to the ABT Tax
Estimated Annual Banking Transactions by Income Group in Thousands of Dollars
ABT Tax versus Progressive Tax
Correlation of Rising Income Taxes, Declining Corporate Taxes, and the Rising Percentage of US National Debt as a Percentage of US GDP
The Solid Line shows the percentage of total federal tax revenue paid by individuals’ income taxes on salaries. The Dashed Line shows the percentage of total federal tax revenue paid by corporations’ taxes. The Dotted Line shows the total national debt as a percentage of GDP.
Tax Options to Achieve a Balanced Budget of Six Trillion Dollars
1. 50% Tax Rate on $12.5 Trillion in Salaries = $6 Trillion
2. 25% Tax Rate on $26 Trillion of GDP = $6 Trillion
3. 1% Tax Rate on $600 Trillion of total Banking Transactions = $6 Trillion
