IRS data from 2016:
• Top 1% of taxpayers (adjusted gross income of at least $480,804) paid 37.3% of all federal income taxes
• Highest 5% of taxpayers (adjusted gross income of at least $197,651) paid 58.2%
• Highest 10% of taxpayers (adjusted gross income of at least $139,713) paid 69.5%
• Bottom 50% of all filers paid 3% of the total federal income tax bill
o Does not include Social Security tax payments
Good to Know: Who Pays Federal Income Taxes?
Written by David Clynes
March 11, 2019