:: Sampling conducted by IRS using 2008 tax filing data. (most current available information)
:: The top 10% of Adjusted Gross Income (AGI) on 2008 tax returns reported approximately 45.8% of the income and paid 70% of the total indivual income tax collected in 2008.
:: The top 1% of wage earners paid a over 1/3 (almost 40%) of the Federal individual income taxes.
:: The largest gap between income representation and amount of tax paid is in the top 10%.
:: The top 10% of wage earners have approximately 45.8% of claimed income, but pay approximately 70% of the individual income taxes.
:: The top 50% of wage earners pay over 97% of total income taxes.
:: The tax Policy Center estimates that 47% of filed tax returns paid no federal income tax in 2009.
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