Who pays the tab

This may or may not be pretty common knowledge by now, but I don't think it hurts to be reminded of it again, from time to time.

Percent of federal income tax revenues paid by the top 1% of wage earners (AGI $295,495 +) = 34.27%

Percent of federal income tax revenues paid by the top 10% of wage earners (AGI $94,891 +) = 65.84%

Percent of federal income tax revenues paid by the top 50% of wage earners (AGI $29,019 +) = 96.54%

Percent of federal income tax revenues paid by the bottom 50% of wage earners (AGI <$29,019) = 3.46%

Just sayin'.

TAGS: income tax, tax revenues