"Durant" <[EMAIL PROTECTED]> wrote:
>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?
It certainly appears to be the way this reads
[...]
This is an interesting set of data:
>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.
>
What would be really interesting would be to know how these numbers
break down by household: how many of these incomes are paired off,
one from the bottom 50% coupled to on in one of the higher brackets
in two income households, versus how many in single income households.
I'm also somewhat surprised at the low number of returns: I would have
thought the total would be around 150million rather than 115million.
Do welfare recipients in the US have to file tax returns, and if so,
do they declare their benefits as income?
-Pete Vincent
