Tax Foundation Report (Oct. 18, 2011)

(for 2008 and 2009, based on IRS data, average taxpayer in top 1 percent (filers earning at least $343,927 annually) made less than in prior year and were subjected to a higher effective tax rate; drop in income from 2007-2009 was 20.41 percent while effective tax rate rose 6.95 percent).