Tax-Savvy_Flipbook_2022

97.1% Top 50% of taxpayers 87.0% Top 25% of taxpayers 71.4% Top 10% of taxpayers Source: IRS Statistics of Income Bulletin, Fall 2021 (most current IRS data available) Breaking Down the Income Tax Burden The top 1% of U.S. taxpayers (adjusted gross incomes of $540,009 or more) paid 40.1% of all federal income taxes in 2018 — totaling roughly $616 billion. Share of total federal income taxes paid, by income group (2018) 40.1% Top 1% of taxpayers 2.9% Bottom 50% of taxpayers