The Black Informant

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Who pays income taxes? A breakdown 4 U

The following charts are from the website of the National Taxpayers Union (actual data comes from the IRS).

If you feel that the data here is false, please provide data (not commentaries) that prove otherwise.

For Tax Year 2003

Percentiles Ranked by AGI

AGI Threshold on Percentiles

Percentage of Federal Personal Income Tax Paid

Top 1%

$295,495

34.27

Top 5%

$130,080

54.36

Top 10%

$94,891

65.84

Top 25%

$57,343

83.88

Top 50%

$29,019

96.54

Bottom 50%

< $29,019

3.46

Note: AGI is Adjusted Gross Income

Source: Internal Revenue Service

 

For Tax Year 2002

Percentiles Ranked by AGI

AGI Threshold on Percentiles

Percentage of Federal Personal Income Tax Paid

Top 1%

$285,424

33.71

Top 5%

$126,525

53.80

Top 10%

$92,663

65.73

Top 25%

$56,401

83.90

Top 50%

$28,654

96.50

Bottom 50%

< $28,654

3.50

Note: AGI is Adjusted Gross Income

Source: Internal Revenue Service

 

For Tax Year 2001

Percentiles Ranked by AGI

AGI Threshold on Percentiles

Percentage of Federal Personal Income Tax Paid

Top 1%

$292,913

33.89

Top 5%

$127,904

53.25

Top 10%

$92,754

64.89

Top 25%

$56,085

82.90

Top 50%

$28,528

96.03

Bottom 50%

< $28,528

3.97

Note: AGI is Adjusted Gross Income

Source: Internal Revenue Service

 

For Tax Year 2000

Percentiles Ranked by AGI

AGI Threshold on Percentiles

Percentage of Federal Personal Income Tax Paid

Top 1%

$313,469

37.42

Top 5%

$128,336

56.47

Top 10%

$92,144

67.33

Top 25%

$55,225

84.01

Top 50%

$27,682

96.09

Bottom 50%

< $27,682

3.91

Note: AGI is Adjusted Gross Income

Source: Internal Revenue Service

 

For Tax Year 1999

Percentiles Ranked by AGI

AGI Threshold on Percentiles

Percentage of Federal Personal Income Tax Paid

Top 1%

$293,415

36.18

Top 5%

$120,846

55.45

Top 10%

$87,682

66.45

Top 25%

$52,965

83.54

Top 50%

$26,415

96.00

Bottom 50%

< $26,415

4.00

Note: AGI is Adjusted Gross Income

Source: Internal Revenue Service

April 24, 2006 - Posted by Duane | Uncategorized | | No Comments

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