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TaxFoundation's Summary of Federal Income Tax Data is out now

By Bellingham Bill following x   2017 Feb 17, 6:20am 797 views   0 comments   watch   sfw   quote     share    


For 2014:

Top 1% ($465k+) took 20% of the AGI, paid 40% ($540B) of the taxes, 27% tax rate.
Top 5% ($188K+) took 36% of the AGI, paid 60% ($824B) of the taxes, 23.6% tax rate.
Upper middle quartile ($38K ~ $77K) took 20% of the AGI, paid 10% ($140B) of the taxes, 7% tax rate.
Bottom 50% (under $38K) took 11% of the AGI, paid 3% ($37B) of the taxes, 3.5% tax rate.

For 2013, top 5% collected 34% of the AGI


2012: top 5% collected 37% of the AGI




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