Top 3% of U.S. Taxpayers Paid Majority of Income Taxes in 2016

Posted by M. C. on October 15, 2018

Proof from Bloomberg of all people!

Bloomberg looked into the 2016 individual returns data in detail for some additional insights illustrated in the charts below:

The top 1 percent paid a greater share of individual income taxes (37.3 percent) than the bottom 90 percent combined (30.5 percent).
The top 50 percent of all taxpayers paid 97 percent of total individual income taxes.

In other words, the bottom 50 percent paid 3 percent. Which small percentile of tax payers also paid 3 percent or more? You might have guessed it. It is the top 0.001%, or about 1,400 taxpayers. That group alone paid 3.25 percent of all income taxes. In 2001, the bottom 50 percent paid nearly 5 percent whereas the top 0.001 percent of filers paid 2.3 percent of income taxes….

Be seeing you

Change that to ANY TAX.

This entry was posted on October 15, 2018 at 8:06 am and is filed under Uncategorized. Tagged: 3%, Income Taxes, U.S. Taxpayers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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