What amount constitutes a person's "fair share" of taxes?
There's an endless debate about what constitutes a person's "fair share" of taxes, especially when it comes to "rich people."
Of course, it depends greatly on what you define as "rich," and whether or not you fall into that group.
You can judge for yourself. Here are the official numbers on who pays the Federal income tax collected in the U.S.
|
Percentiles Ranked by AGI |
AGI* Threshold on Percentiles |
Percentage of Federal Personal Income Tax Paid |
|
Top 1% |
$410,096 |
40.42 |
|
Top 5% |
$160,041 |
60.63 |
|
Top 10% |
$113,018 |
71.22 |
|
Top 25% |
$66,532 |
86.59 |
|
Top 50% |
$32,879 |
97.11 |
|
Bottom 50% |
<$32,879 |
2.89 |
|
* AGI is Adjusted Gross Income
Also, according to the Tax Foundation (based on 2006 data), 41% of the U.S. population were "out of the tax system" in 2006 (includes non-filing households and filing households with zero liability). |
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