The latest income tax increase on the wealthy could result in their paying a greater share of income in federal taxes since 1979. Their income has increased even more.
It took a natural disaster and a financial panic to get income taxes written into the U.S. Constitution. That was 1907. And even those who like public programs are still struggling to defend taxes.
A new report from the Congressional Budget Office says the tax rates paid by most Americans were at near-record lows in 2009. Who's paying less, who's paying more, and what's causing the change?