The top 1% of income earners earned 16.93% of all US personal income in 2009, but they paid 36.73% of all personal income tax that was actually collected in that same year. That’s collections AFTER all deductions, exclusions and any other tax breaks. In fact, since we’re talking about “collections” it even includes what was collected after any possible cheating. It’s money in the US Treasury.
What this means is that even after all tax breaks, deductions, exclusions and even any possible cheating that occurs at all income levels, the top 1% paid 2.17 times their share, based on income.Share this page
Follow us on social media