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Wednesday, July 23, 2008 |
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The Top 10 |
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Posted by:
John Campbell at
11:57 AM |
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A few days ago, the IRS has released data showing the percentage of income taxes paid by Americans. Courtesy of the National Taxpayers Union, the table below shows, the top 10% of filers paid nearly 71% of all income taxes paid. The share paid by the bottom 50% drops from 3.07% in 2005 to 2.99% in 2006. You can see previous years here. You can also see "who doesn't pay taxes" here.
For Tax Year 2006
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Percentiles Ranked by AGI |
AGI Threshold on Percentiles |
Percentage of Federal Personal Income Tax Paid |
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Top 1% |
$388,806 |
39.89 |
|
Top 5% |
$153,542 |
60.14 |
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Top 10% |
$108,904 |
70.79 |
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Top 25% |
$64,702 |
86.27 |
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Top 50% |
$31,987 |
97.01 |
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Bottom 50% |
<$31,987 |
2.99 |
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Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service |
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