- Oct 23, 2012
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Regarding the liberal claim that the rich are not paying their “fair share” of taxes, the following facts might be of interest:
* In 2017, the top 1% paid 39% of all federal income taxes.
* In 2017, the top 1%% paid a greater share of individual income taxes--39.0%--than the bottom 90% combined--29.4%.
* In 2017, the top 1%% paid an individual income tax rate of 27.1%, whereas the bottom 50% paid an individual income tax rate of 3.6%, i.e., a rate that is 700% higher than the rate paid by the bottom 50%.
* In 2016, the top 10% paid 70% of all federal income taxes.
Sources:
Summary of the Latest Federal Income Tax Data, 2017 Update
Do the Rich Pay Their Fair Share of Taxes? | SmartAsset
* In 2017, the top 1% paid 39% of all federal income taxes.
* In 2017, the top 1%% paid a greater share of individual income taxes--39.0%--than the bottom 90% combined--29.4%.
* In 2017, the top 1%% paid an individual income tax rate of 27.1%, whereas the bottom 50% paid an individual income tax rate of 3.6%, i.e., a rate that is 700% higher than the rate paid by the bottom 50%.
* In 2016, the top 10% paid 70% of all federal income taxes.
Sources:
Summary of the Latest Federal Income Tax Data, 2017 Update
Do the Rich Pay Their Fair Share of Taxes? | SmartAsset