What Percentage Pays Income Taxes

What Percentage Pays Income Taxes? – Income tax is always a hot topic and especially with the occupy movements in full swing a lot of opinion is being flung around about who pays what and why. Some advocates of the movement say the rich don’t pay enough and some against say the rich pay too much and the middle classes shouldn’t allow themselves to be dragged into the whole thing either. So let’s take a look at who pays what and maybe i’ll give some of my thoughts on the whole thing What Percentage Pays Income Taxes? Some opposition groups to the 99% slogan have been throwing around the “we are the 53%” slogan to talk about the fact that 51% of Americans, basically the rich and the perceived middle class pay more or less all of the income tax in the USA. Luckily for us the group NTU.org set out a simple table for the year 2009 so we can see how these percentages actually measure up. As you can see, assuming these figures are true, the 53% slogan is a true slogan and as you can see the top 1% pay a massive amount of the tax. Tax Year 2009   Percentiles Ranked by AGI AGI Threshold on Percentiles Percentage of Federal Personal Income Tax Paid Top 1% $343,927 36.73 Top 5% $154,643 58.66 Top 10% $112,124 70.47 Top 25% $66,193 87.30 Top 50% $32,396 97.75 Bottom 50% Related Posts B High Income Improves Evaluation Of Life But Not Emotional Well-Being Man Pays $400,000 In Croissant Scam Hidden Income Tax Deductions 2011

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What Percentage Pays Income Taxes