Who really pays
the taxes? The top 5% of taxpayers pay more than
half of all personal income taxes.
The top 1% earned
more than $269,496 in taxable income and paid 34.8% of all personal income
taxes - average rate 27.1%.
The top 5% earned more than $114,729 in taxable income and paid 53.8% of all personal income taxes - average rate 23.6%.
The top 10% earned more than $83,220 in taxable income and paid 65% of all personal income taxes - average rate 21.4%.
The top 25% earned more than $50,607 in taxable income and paid 82.7% of all personal income taxes - average rate 18.2%.
The top 50% earned more than $25,491 in taxable income and paid 95.8% of all personal income taxes - average rate 16.0%.
The bottom 50% earned less than $25,491 in taxable income and paid 4.2% of all personal income taxes - average rate 4.4%.
Source: Tax Foundation
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