Www.whitehouse.gov/sites/default/files/omb/budget/fy2012/assets/hist.pdf. Historical Changes of the Target Federal Funds and Discount Rates. 1 Primary credit is available to generally sound depository institutions on a very short-term basis, typically overnight, at a rate above the Federal Open Market Committee’s target rate for federal funds. Depository institutions are not required to seek alternative sources of funds before requesting occasional short-term advances of primary credit. The Federal Reserve expects that, given the above-market pricing of primary credit, institutions will use the discount window as a backup rather than a regular source of funding. Primary credit may be used for any purpose including financing the sale of federal funds. By making funds readily available at the primary credit rate when there is a temporary shortage of liquidity in the banking system, thus capping the actual federal funds rate at or close to the primary credit rate, the primary credit program complements open market operations in the implementation of monetary policy.
Revenues and Deficits - President's Budget 2012: Values By The Numbers - Analysis - National Priorities Project. Www.taxpolicycenter.org/UploadedPDF/901456-Tax-Paid-Each-Rate.pdf. Summary of Latest Federal Individual Income Tax Data. 2013's report on data from calender year 2011 is available here. 2012's report on data from calender year 2010 is available here. Tax Foundation Fiscal Fact No. 285 Download a PDF of this report. View just the data in Excel or PDF. Jump to individual tables within the report: Summary of Federal Individual Income Tax DataNumber of Federal Individual Income Tax Returns Filed, 1980-2009Adjusted Gross Income of Taxpayers in Various Income Brackets, 1980-2009Total Income Tax after Credits, 1980-2009Adjusted Gross Income Shares, 1980-2009Total Income Tax Shares, 1980-2009Dollar Cut-Off, 1980-2009Average Tax Rate, 1980-2009 The Internal Revenue Service has released new data on individual income taxes, reporting on calendar year 2009.
The amount of individual income tax paid steeply declined by $166 billion, twice the decline from 2007 to 2008. Each year from 2005 to 2007, the top 1 percent's constantly growing share of income earned and taxes paid set a record. Source: Internal Revenue Service.