The World As I See It

Spreading the Wealth

Posted by SteveB on May 14, 2009

The U.S. tax system is highly progressive. The top 1 percent of income earners paid 40 percent of all federal income taxes in 2006, while the bottom 50 percent paid 3 percent. Further, 32 percent of all tax returns with positive adjusted gross income, 43 million total, filed in 2006 were from people who paid no federal income tax at all.

The Top 10 Percent of Income Earners Paid 71 Percent of Federal Income Tax.

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