Thursday, April 23, 2009

Who Pays Income Taxes? See Who Pays What


Wow! The top 50% pay 97% of the taxes, and the top 1% pay nearly 40%.For more info, click the link below. The charts look pretty much the same for the past 10 years. http://www.ntu.org/main/page.php?PageID=6

For Tax Year 2006

Percentiles Ranked by AGI

AGI Threshold on Percentiles

Percentage of Federal Personal Income Tax Paid

Top 1%

$388,806

39.89

Top 5%

$153,542

60.14

Top 10%

$108,904

70.79

Top 25%

$64,702

86.27

Top 50%

$31,987

97.01

Bottom 50%

<$31,987

2.99

Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service

No comments:

Post a Comment

 



Free Hit Counter

Copyright © 2009 - 2012 The Audacity of Logic