Percentiles Ranked by AGI | AGI Threshold on Percentiles | Percentage of Federal Personal Income Tax Paid |
Top 1% | $343,927 | 36.73 |
Top 5% | $154,643 | 58.66 |
Top 10% | $112,124 | 70.47 |
Top 25% | $66,193 | 87.30 |
Top 50% | $32,396 | 97.75 |
Bottom 50% | <$32,396 | 2.25 |
Note: AGI is Adjusted Gross Income Source: Internal Revenue Service | ||
When its all said and done, the occupy Wall street's movement for equality and the elimination of greed could be really good! If equality actually happens, then the fact that only 25% of the taxpayers pay 87% of all taxes will certainly change. Equality must include a fair share of taxes being paid by everyone. Not just the top 1% or 25%. And greed...well I consider it excessive when soo much of the tax burden is borne by such a small percentage of the population. And the very complainers apparently want more excessivness. They couldn't possibly think that attacking the 1% that pay 37% would result in that same 1% paying more taxes could they? If the attack is asking for equality, then there will no longer be a 1%. And all of the people that have all of this extra time to protest will soon be sharing more equally in the tax burden. Nice result!
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