BoilerUP
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- Joined
- Nov 11, 2003
- Posts
- 5,311
Top 1% paying 90% of taxes is a bit of a stretch...but that's not to say the top 1% doesn't pay a very disproportionate percentage of the federal tax burden under our current progressive tax system.
Top 1% of earners paid 40% of federal income taxes with the top 10% of earners paying 71%...and the bottom 50% of earners paid only 3% of federal income taxes.
Top 1% of earners paid 40% of federal income taxes with the top 10% of earners paying 71%...and the bottom 50% of earners paid only 3% of federal income taxes.