Mar
07

Tax Tables

In 2016, the latest year for which data are available, there were 140.9 million taxpayers. The top 1%, (AGI > $480,804), earned 19.7% of all income, paid 37.3% of all income taxes, and had an average tax rate of 26.9%. By contrast, the bottom 50% of taxpayers, (AGI < $40,078), earned 11.6% of all income, paid 3% of all income taxes, and had an average income tax rate of 3.7%.

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