Who pays taxes?
The overwhelming majority of federal income taxes are paid by the very highest income earners.
● The top 1% of income earners pay about 32% of all income taxes.
● The top 5% pay 51.4%.
● The top 10% pay 63.5%.
● The top 20% pay 78%.
Posted by Ted at August 13, 2004 8:32 PM
