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coloneldax2003
Do the richest top 10% of taxpayers really pay 90% of the taxes?
I have heard this rough statistc before. Is it true and if so where can I find information confirming its veracity?
Top 10% pay 65.84%.
Top 50% pay 96.54%.
Perhaps your source confused these #'s.
rhett_madison
NO, RICH PEOPLE NEVER PAY TAXES. TAXES ARE FOR THE MIDDLE CLASS ONLY.
Axiom
no that's not true. Go to www.bls.gov
MC Hummer
You probably heard it on FOX. Even CNN wouldn't tell a lie that big, and they've told some big ones.
Yardbird
I thought the richest 10% didn't pay ANY tax. They have tax shelters, write-offs, and tax lawyers to protect them. That's why they are so rich.
sparkletina
Yes, it's based on the amount they pay compared to the total income tax collected. I would e-mail the IRS, just ask.
Nick C
Absolutlely that is the general number...but it is probably more like the richest 5% pay 90% of the taxes...
Think about how much money the gov't needs to run...you think they are running on the taxes someone making 30K a year generates? No, they run on Gates $, and Immelt$, and A-Rod $$$
Steve B
That statistic doesn't appear to be true. I checked out a weaker claim, that the taxpayers with the top 10% of adjusted gross income paid 90% of the taxes. Using figures from http://www.irs.gov/pub/irs-soi/03inrate.pdf , I did a quick and dirty calculation on the percentage of tax paid by the top 12%. It was about 60%, certainly nowhere near 90%.
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