Who Pays Taxes?
From the good folks at NTU via Rep. John Campbell, here's who paid taxes in 2006, the most recent year the IRS has data on. As in previous years, the top 50% are essentially taxpayers while the bottom 50% are tax-receivers.
|
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 | ||
