Sunday, November 25, 2007

Who Pays Taxes?

Who payid taxes in 2005:

Percentiles Ranked by AGI

AGI Threshold on Percentiles

Percentage of Federal Personal Income Tax Paid

Top 1%

$364,657

39.38

Top 5%

$145,283

59.67

Top 10%

$103,912

70.30

Top 25%

$62,068

85.99

Top 50%

$30,881

96.93

Bottom 50%

<$30,881

3.07

Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service


Follow the link for data from previous years.

(HT Armchair Economist)

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