Tax Facts

  • The top 1% pay 38% of Federal Income taxes
  • The top 5% pay 59% of the taxes and make 30% of the income
  • The top 10% pay 70% of the taxes
  • The top 25% pay 86% of the taxes
  • The top 50% pay 97% of the taxes
  • The bottom 47% of taxpayers pay no Federal Income Tax.
  • About half of them get money back from the Government – a “refund” on taxes they did not pay.
  • 70% of donations to charities come from 10% of taxpayers (Indiana + Syracuse University study)

Source

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