- The top fifth of households made 56% of pre-tax income in 2006 but paid 86% of all individual income tax revenue collected, according to the most recent data available from the Congressional Budget Office.
- The top 1% of households, which made 19% of pre-tax income, paid 39% of all individual income taxes.
- The top fifth of households paid 69% of all federal taxes and the top 1% paid 28%--if you count income taxes, social insurance taxes, excise taxes and corporate income taxes (such as capital gains) combined.
FROM: "Who pays taxes - and how much? The federal tax burden varies widely across income groups, but a surprising number owe little if anything in income taxes" by Jeanne Sahadi, April 16, 2009.
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