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Monday, September 26, 2011

Who Pays Taxes and how Much?

 With all of the talk about making everyone pay their fair share, look at the charts below that shows who pays their fair share?  

National Taxpayers Union

Tax Year 2008

Percentiles Ranked by AGI
AGI Threshold on Percentiles
Percentage of Federal Personal Income Tax Paid
Top 1%
$380,354
38.02
Top 5%
$159,619
58.72
Top 10%
$113,799
69.94
Top 25%
$67,280
86.34
Top 50%
$33,048
97.30
Bottom 50%
<$33,048
2.7
Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service

Tax Year 2007
Percentiles Ranked by AGI
AGI Threshold on Percentiles
Percentage of Federal Personal Income Tax Paid
Top 1%
$410,096
40.42
Top 5%
$160,041
60.63
Top 10%
$113,018
71.22
Top 25%
$66,532
86.59
Top 50%
$32,879
97.11
Bottom 50%
<$32,879
2.89
Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service
Tax Year 2006
Percentiles Ranked by AGI
AGI Threshold on Percentiles
Percentage of Federal Personal Income Tax Paid
Top 1%
$388,806
39.89
Top 5%
$153,542
60.14
Top 10%
$108,904
70.79
Top 25%
$64,702
86.27
Top 50%
$31,987
97.01
Bottom 50%
<$31,987
2.99
Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service

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