TABLE 11.-SHARES OF TOTAL FEDERAL TAXES PAID BY ALL FAMILIES Note.-Table reads for boldface figure that the lowest 20 percent in income of the population in 1977 paid 2.0 percent of total Federal taxes. Quintiles are weighted by families. Source: Congressional Budget Office. 1 Projected. 2 Projected with the expiration of the limitation on personal deductions and the phaseout of personal exemptions (1997 tax law) simulated on 1994 incomes. Note.-Table reads for boldface figure that, for the highest 20 percent in income of the population in 1977 based upon pretax adjusted family income, individual income taxes were 16.1 percent of income. Quintiles are weighted by families. Source: Congressional Budget Office. |