We see many ads and much talk on TV regarding who pays how much tax – here are the FACTS as published by the IRS for the tax year 2009:
- The top 1% of all filers paid 36.7% of all Federal income taxes – AGI of over $343,927.
- The top 5% of all filers paid 58.7% of all Federal income taxes – AGI of over $154,653.
- The top 10% of all filers paid 70.5% of all Federal income taxes – AGI of over $112,124.
- The bottom 50% of all filers paid 2.25% of all Federal income taxes.
Not a political comment – just the FACTS!
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