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The quote says a specific group pays 51% of all tax revenue and says it's way too much. Well did they collect 51% of all income? Probably not. Some quick Googl
by twoodfin 10y ago
The quote says a specific group pays 51% of all tax revenue and says it's way too much. Well did they collect 51% of all income?
Probably not. Some quick Googling finds this analysis:
http://www.financialsamurai.com/how-much-money-do-the-top-income-earners-make-percent/ http://www.financialsamurai.com/how-much-money-do-the-top-in...
It uses different split points, but claims that the top 5% of earners make about 35% of the total AGI, but pay 59% of gross income taxes.
- dragonwriter 10y agoOf course, federal "income taxes" are less than 2/3 of total federal taxes on income.