The lowdown on high income — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
  • LinkedIn
  • YouTube
  • Twitter
  • Facebook
  • Google+

The lowdown on high income

Get PDF file

by on
in Small Business Tax

New IRS statistics show the top 1% of all filers paid about 38.1% of all federal income tax in 2012, the last year the agency analyzed it. That’s up 3% from the prior year. The top 5% paid 58.9% of the total income tax and accounted for 36.8% of adjusted gross income (AGI). Conversely, the bottom 50% of filers paid only 2.8% of the total tax revenue.

Related Articles...

Leave a Comment

Previous post:

Next post: