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The top 50 percent of all taxpayers paid 97.7 percent of all federal individual income taxes, while the bottom 50 percent paid the remaining 2.3 percent. The share of total tax revenue and average effective tax rates by bracket The provided material repeatedly situates the top 1% inside a broader distribution
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These figures underscore that the federal income tax is concentrated at the top, but they. The datasets show two complementary metrics Overall, the bottom 50% of earners contributed 3% of total income taxes paid
However, the data does not include payroll taxes which make up a higher share of paid taxes relative to their income than higher income brackets.
As noted by the tax foundation, this data underscores the sharp tax skew Just 1.5 million top earners paid over $863 billion in taxes, while the entire bottom half, more than 76 million people, paid only $63 billion. The average tax rate of the top 1% was much higher than what people in other income brackets paid Here are the statistics for the top 50% and bottom 50% of all taxpayers, followed by those of all taxpayers.
The effective tax rates for the 1%, total income taxes paid by this cohort, average agi per top 1% household, number of top 1% earning households, and percentage of all personal income earned by the top 1% is also examined. Conversely, the bottom 50% saw their share of federal income taxes fall slightly from 3.1% in 2017 to 3.0% in 2022 The top 1%, representing 1.54 million federal income tax returns in 2022, earned 22.4% of total adjusted gross income but shouldered a striking 40.4% of the overall federal income tax burden. These are taxpayers with incomes above $178,611
• the bottom 50% of taxpayers, nearly 77 million taxpayers with income less than $50,339, together paid only 3% of the income taxes collected by the irs.
Altogether, the top 50% of filers earned 90% of all income and were responsible for 98% of all income taxes paid in 2021 The other half of earners, those with incomes below $46,637, collectively paid 2.3% of all income taxes in 2021.