I could not get this to print in this box, so please review the link and then look for my analysis.
Who pays the most in taxes?[/url] <_<
http://www.house.gov/jec/news/2008/July/pr110-45.pdf
The chart from the Joint Economic Committee (based on 2006 IRS data), shows the percentages of federal personal income tax paid by different groups of taxpayers: The top 1% of taxpayers pay about 40% of all income taxes, the top 10% pay 71%, and the top 50% pay 97% of all taxes. The bottom 50% pays less than 3% of all income taxes paid. :blink:
The top 1% of taxpayers has over 21% of all adjusted gross income, the top 10% has over 46%, and the top 50% has over 87% of all adjusted gross income. The bottom 50% has less than 13% of all adjusted gross income. :huh:
The top 1% of taxpayers has over 21% of all adjusted gross income, the top 10% has over 46%, and the top 50% has over 87% of all adjusted gross income. The bottom 50% has less than 13% of all adjusted gross income. <_<
What it means is that every income group, except the bottom 50%, pays taxes at a rate that is higher than their percentage share of income. The bottom 50% pay taxes at a rate that is more than 4 times less than their percentage share of AGI. :angry: :angry: :angry: :angry:
