What % of federal income taxes do the top 10% of income earners pay?

Similar questions: federal income taxes top 10% earners pay.

The Top 10% pay 70% of all income tax The most recent figures are for the year 2005. They were released in December of 2007. I don't know why the IRS takes so long in gathering statistics, but here is what the number look like.

The top 1% paid 39% of all the taxes, the next 5% paid a little less than 60%, and the richest 10% paid 70% of all the taxes. Americans with income below the median, half of all households, paid only 3% of all the taxes. The richest 1.3 million filers, those with adjusted incomes over $365,000, paid ten times more income tax than all of the 66 million filers below the median.

Here is an excel spreadsheet link to the IRS with the stats. irs.gov/taxstats/indtaxstats/article/0,,... You need to go to the middle of the page, "Individual income tax returns with positive adjusted gross income. " Look for table 5, "1986-2005.

Open the spreadsheet and go to line 154. There you will see percentages listed from 1986 to 2005. Line 174 lists the information I stated above..

1 About half. But that includes only the federal income tax. It's down to less than a third once you include the FICA and medicare taxes, which end up in the general coffers anyway.

And they earn about 30% of all income.

About half. But that includes only the federal income tax. It's down to less than a third once you include the FICA and medicare taxes, which end up in the general coffers anyway.

And they earn about 30% of all income.

WEALTHADVISOR replied to post #1: 2 Your off by 20%. The top 10% pay 70% of the taxes. Go to the IRS web site irs.gov/taxstats/indtaxstats/article/0,,... to the middle of the page and open table 5, 1986-2005 Individual tax returns with positive adjusted gross income.

Go to line 154 of the spreadsheet to find the correct table and then go to line 174 for the stats for 2005. The IRS does not have figures released yet beyond 2005.

Your off by 20%. The top 10% pay 70% of the taxes. Go to the IRS web site irs.gov/taxstats/indtaxstats/article/0,,... to the middle of the page and open table 5, 1986-2005 Individual tax returns with positive adjusted gross income.

Go to line 154 of the spreadsheet to find the correct table and then go to line 174 for the stats for 2005. The IRS does not have figures released yet beyond 2005.

3 I just researched this a week ago in order to call my congressman about the budget plan. Here's what I discovered:Under the "New Deal" of the 1930s and 40s it was 63% to 79%Under Eisenhower it was 91%Nixon 70%Reagan 50%Bush Tax Cuts 35%Proposed Obama Rolling back Bush Tax cuts 39.6Tha...that's it folks ;-)Namastess .

I just researched this a week ago in order to call my congressman about the budget plan. Here's what I discovered:Under the "New Deal" of the 1930s and 40s it was 63% to 79%Under Eisenhower it was 91%Nixon 70%Reagan 50%Bush Tax Cuts 35%Proposed Obama Rolling back Bush Tax cuts 39.6Tha...that's it folks ;-)Namastess.

PamPerdue replied to post #2: 4 Sorry; I was reading the wrong table. 50% is the share of the income that they make. It still only includes the income tax, but not the separate FICA and medicare taxes, which are regressive.

Those account for about 2/3 as much as the income tax, and fall primarily on the middle class.

Sorry; I was reading the wrong table. 50% is the share of the income that they make. It still only includes the income tax, but not the separate FICA and medicare taxes, which are regressive.

Those account for about 2/3 as much as the income tax, and fall primarily on the middle class.

" "My total income is $18,000yr I cashed in an ins. Policy and got $2200 from it Will I have to pay taxes, I am 70" "In what State do you pay the least amount of Federal and State Income Tax?" "Do you pay an Earned Income Tax where you are? (in addition to Federal Tax income tax)" "I'm thinking about renting a room in my primary residence.

Is it legal? How do you pay taxes on the income? " "Did you ever wonder about the "voluntary" nature of Federal income taxes?

Today, almost" "Could someone with a total income of t filing singly owe $1,000 federal taxes? $7,450 of it was on 1099-MISC. " "A modest proposal: since the businessmen are claiming that having to pay income taxes impairs their ability to hire..." "If I owe back federal income taxes, will they take my state refund also?

" "IF I GET A REVERSE MORTGAGE ON MY HOUSE? DO I HAVE TO PAY INCOME TAXES ON THIS MONEY.

My total income is $18,000yr I cashed in an ins. Policy and got $2200 from it Will I have to pay taxes, I am 70.

I'm thinking about renting a room in my primary residence. Is it legal? How do you pay taxes on the income?

A modest proposal: since the businessmen are claiming that having to pay income taxes impairs their ability to hire...

Do I have to pay income taxes on this money.

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