| |
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Top 1% Pay Greater Dollar Amount in Income Taxes to Federal
Government than Bottom 90%
Summary of Federal Individual Income Tax Data
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Number of Returns
|
AGI
($ millions)
|
Income Taxes Paid
($ millions)
|
Group's Share of Total AGI
|
Group's Share of Income Taxes
|
Income Split Point
|
|
All Taxpayers
|
132,611,637
|
$7,507,958
|
$934,703
|
100.00%
|
100.00%
|
-
|
|
Top 1%
|
1,326,116
|
$1,591,711
|
$368,132
|
21.20%
|
39.38%
|
above $364,657
|
|
Top 5%
|
6,630,582
|
$2,683,934
|
$557,759
|
35.75%
|
59.67%
|
above $145,283
|
|
Top 10%
|
13,261,164
|
$3,487,010
|
$657,085
|
46.44%
|
70.30%
|
above $103,912
|
|
Top 25%
|
33,152,909
|
$5,069,455
|
$803,772
|
67.52%
|
85.99%
|
above $62,068
|
|
Top 50%
|
66,305,819
|
$6,544,824
|
$906,028
|
87.17%
|
96.93%
|
above $30,881
|
|
Bottom 50%
|
66,305,818
|
963,134
|
28,675
|
12.83%
|
3.07%
|
below $30,881
|
Source IRS/Tax Foundation .org
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