Could someone explain to me these data?
Does it mean that 50% of taxpayers
have so little income, that they pay only
5% of the revenue?
Has anyone quick access to
the income as percent of national
income, of that top 1,5 etc %
for the same year?
to check how well taxes are collected...
seems that they do better job than in the UK.
thanks,
Eva
Who Pays Federal Individual Income Taxes, 1994
Taxpayers # Returns (K) AGI (M) Tax Paid (M) %AGI %Tax Inc Split
Top 01% 01,150 0,546,720 152,696 13.8 28.7 195,981
05% 05,749 1,102,836 252,385 27.8 47.4 090,913
10% 11,499 1,552,121 314,786 39.2 59.1 068,737
25% 28,747 2,481,040 423,328 62.6 79.5 042,734
50% 57,495 3,371,349 507,120 85.1 95.2 021,817
Less 57,495 0,589,571 025,523 14.9 4.8
in thousands in $ million in dollars
Source: Preliminary IRS Data
Tax Foundation
1250 H Street, N.W.
Suite 750
Washington, D.C. 20005.
Tagline relevant to the current situation only. :)
Regard$,
--MJ
The important thing is to stop lying to yourself. A man
who lies to himself, and believes his own lies, becomes
unable to recognize the truth, either in himself or in
anyone else, and he ends up losing respect for himself as
well as for others. When he has no respect for anyone, he
can no longer love and, in order to divert himself, having
no love in him, he yields to his impulses, indulges in the
lowest forms of pleasure, and behaves in the end like an
animal, in satisfying his vices. And it all comes from
lying -- lying to others and to yourself.
_ Feodor Mikhailovich Dostoyevsky 1880 _The Brothers Karamazov_
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