Plenty of revenue available at the top : Static revenue available by taxing at 1979 rates, by percentiles (in billions of 2013 dollars)
1989 | 2000 | 2007 | 2013 | |
---|---|---|---|---|
Top 1 percent | $60.9 | $49.3 | $167.5 | $22.6 |
Top 5 percent | 76.0 | 38.5 | 196.7 | 37.0 |
Top 10 percent | 82.9 | 36.5 | 229.2 | 64.1 |
Source: Congressional Budget Office (2016c). The Distribution of Household Income and Federal Taxes, 2013.