Who pays income taxes in America?
Wednesday, February 15th, 2012Who pays tax in America? Of individual (1040 returns) taxpayers, the distribution of taxes is interesting (2009 returns):
Distribution of Taxes
Top percentile of taxpayers
Percent of Federal
Income Taxes Paid
(2009 returns)
Minimum Adjusted Gross Income at this level
99th percentile
36.7%
$343,927
95th percentile
58.7%
$154,643
90th percentile
70.5%
$112,124
On the other end of the spectrum, the bottom 50% of taxpayers….
Paid 2.25% of [...]