The Top 1% Will Pay 30 Percent Of The Nation's Federal Taxes In 2013
And the top 20%, which includes the top 1%, will pay nearly 72%! Looks to me like those folks are paying substantially
more than their fair share.
http://www.huffingtonpost.com/2013/03/03/taxes-on-the-rich_n_2801206.html?utm_hp_ref=businessHow much households at different income levels will pay in federal income, payroll, corporate and estate taxes for 2013:
Bottom 20 percentAverage income: $10,552.
Average tax bill: -$284.
Average tax rate: -2.7 percent.
Share of federal tax burden: -0.4 percent.
Middle 20 percentAverage income: $46,562.
Average tax bill: $6,436.
Average tax rate: 13.8 percent.
Share of federal tax burden: 8.6 percent.
Top 20 percentAverage income: $204,490.
Average tax bill: $55,533.
Average tax rate: 27.2 percent.
Share of federal tax burden: 71.8 percent.
Top 1 percentAverage income: $1.4 million.
Average tax bill: $514,144.
Average tax rate: 35.5 percent.
Share of federal tax burden: 30.2 percent.
Note: The average family in the bottom 20 percent of households pays no federal taxes. Instead, many families in this group get payments from the federal government by claiming more in credits than they owe in taxes, giving them a negative tax rate.
Source: Tax Policy Center[/QUOTE]