Fair Tax? IRS figures show the top 1 percent of earners take home 16.9 percent of the nation's total income, but pay 36.7 percent of the nation's income taxes. The top 5 percent take home a little more than 31 percent of total income but pay almost 59 percent of all income taxes. And the top 10 percent earn just over 43 percent of the total income but pay more than 70 percent of all income taxes.
Thursday, July 12, 2012
July 12, 2012 at 10:16AM
Fair Tax? IRS figures show the top 1 percent of earners take home 16.9 percent of the nation's total income, but pay 36.7 percent of the nation's income taxes. The top 5 percent take home a little more than 31 percent of total income but pay almost 59 percent of all income taxes. And the top 10 percent earn just over 43 percent of the total income but pay more than 70 percent of all income taxes.
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