Who Really Pays the Tax?

By November 29, 2011January 31st, 20142011, Tax Tips

We see many ads and much talk on TV regarding who pays how much tax – here are the FACTS as published by the IRS for the tax year 2009:

  • The top 1% of all filers paid 36.7% of all Federal income taxes – AGI of over $343,927.
  • The top 5% of all filers paid 58.7% of all Federal income taxes – AGI of over $154,653.
  • The top 10% of all filers paid 70.5% of all Federal income taxes – AGI of over $112,124.
  • The bottom 50% of all filers paid 2.25% of all Federal income taxes.

Not a political comment – just the FACTS!

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Accounting & Tax Solutions

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