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<blockquote data-quote="moreluck" data-source="post: 899064" data-attributes="member: 1246"><p><span style="font-size: 10px">What better place to go to find out the answer than the IRS (Internal Revenue Service). Taxfoundation.org has developed a couple of easy-to-follow charts based on the data provided by the IRS - I have provided a link to Taxfoundation.org below. </span></p><p><span style="font-size: 10px"></span></p><p><span style="font-size: 10px">According to the IRS, the "income split point" for somebody to be included in the top 1% of all taxpayers (by income) was $380,354 in 2008 (the last year where data is available). </span></p><p><span style="font-size: 10px"></span></p><p><span style="font-size: 10px">So, if you reported Positive Adjusted Gross Income (AGI) of $380,354 or over, then you were in the top 1% of all taxpayers in the United States in 2008. </span></p><p><span style="font-size: 10px"></span></p><p><span style="font-size: 10px">According to the IRS, this group of taxpayers (1,399,606 total) paid 38.02% of all federal individual income tax collected in 2008. </span></p><p><span style="font-size: 10px"></span></p><p><span style="font-size: 10px">The top 5% of all taxpayers (income split on this group was at $159,619 in 2008) paid 58.72% of all federal individual income taxes in 2008. </span></p><p><span style="font-size: 10px"></span></p><p><span style="font-size: 10px"></span></p><p><span style="font-size: 10px">Let's continue to break this down:</span></p><p><span style="font-size: 10px"></span></p><p><span style="font-size: 10px">Top 10% (Income Split Point $113,799) Paid 69.94% of Federal Individual Income Taxes</span></p><p><span style="font-size: 10px">Top 25% (Income Split Point $67,280) Paid 86.34% of Federal Individual Income Taxes</span></p><p><span style="font-size: 10px">Top 50% (Income Split Point $33,048) Paid 97.30% of Federal Individual Income Taxes</span></p><p><span style="font-size: 10px">Bottom 50% (Anyone Making Less Than $33,048) Paid 2.7% of Federal Individual Income Taxes</span></p><p><span style="font-size: 10px"></span></p><p><span style="font-size: 10px"></span></p><p><span style="font-size: 10px"><a href="http://www.davemanuel.com/2010/11/04/what-percentage-of-federal-income-taxes-do-rich-people-really-pay/" target="_blank">What Percentage of Federal Individual Income Taxes Do Rich People Really Pay?</a></span></p><p><span style="font-size: 10px">--</span></p></blockquote><p></p>
[QUOTE="moreluck, post: 899064, member: 1246"] [SIZE=2]What better place to go to find out the answer than the IRS (Internal Revenue Service). Taxfoundation.org has developed a couple of easy-to-follow charts based on the data provided by the IRS - I have provided a link to Taxfoundation.org below. According to the IRS, the "income split point" for somebody to be included in the top 1% of all taxpayers (by income) was $380,354 in 2008 (the last year where data is available). So, if you reported Positive Adjusted Gross Income (AGI) of $380,354 or over, then you were in the top 1% of all taxpayers in the United States in 2008. According to the IRS, this group of taxpayers (1,399,606 total) paid 38.02% of all federal individual income tax collected in 2008. The top 5% of all taxpayers (income split on this group was at $159,619 in 2008) paid 58.72% of all federal individual income taxes in 2008. Let's continue to break this down: Top 10% (Income Split Point $113,799) Paid 69.94% of Federal Individual Income Taxes Top 25% (Income Split Point $67,280) Paid 86.34% of Federal Individual Income Taxes Top 50% (Income Split Point $33,048) Paid 97.30% of Federal Individual Income Taxes Bottom 50% (Anyone Making Less Than $33,048) Paid 2.7% of Federal Individual Income Taxes [url=http://www.davemanuel.com/2010/11/04/what-percentage-of-federal-income-taxes-do-rich-people-really-pay/]What Percentage of Federal Individual Income Taxes Do Rich People Really Pay?[/url] --[/SIZE] [/QUOTE]
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