What would you like to do?

What percentage of federal income tax is paid by the wealthy?

already exists.

Would you like to merge this question into it?

already exists as an alternate of this question.

Would you like to make it the primary and merge this question into it?

exists and is an alternate of .

Well, I'm not sure where you define wealthy...but the upper 50% of the wage earners pay @97% of all tax collections, and the lower ones only @3%. The upper of the upper pay a disproportionate share of that too, the Top 1% of earners = 37% of taxes paid, the next bracket 2-5% accounts for another 20%. So about 57% paid by the top 5%. Especially as this is for Personal Income Tax only, and many of the more wealthy have much of the income taxed (some would say double taxed) by in the Corporate returns of those corporations they control/own.

Also, this is of those filing returns. The percentage of people whose income is, because of deductions/exemptions below where they have to file returns, and with things like Earned Income tax credits, actually get more back than they might pay, is huge...something like 40% of the populace. And of course, the lower earners pay at much reduced rate anyway.
Some quick statistics: The top 1% of earners pay 21.20% of all taxes paid at an average rate of 24%, the top 2 - 5% of earners pay 14.55% of all taxes at an average of 18% (Top 5% pay @36% of all tax) The bottom 50% pay 3% of all tax collected at an average rate of 2.98%.

See link for full discussion, and chart that holds format.

Number of Returns with Positive AGI AGI ($ millions) Income Taxes Paid ($ millions) Group's Share of Total AGI Group's Share of Income Taxes Income Split Point Average Tax Rate All Taxpayers 130,371,156 $6,875,123 $831,890 100.00% 100.00% - 12.10% Top 1% 1,303,712 $1,306,417 $306,902 19.00% 36.89% > $328,049 23.49% Top 2-5% 5,214,846 $993,178 $168,322 14.45% 20.23% 16.95% Top 5% 6,518,558 $2,299,595 $475,224 33.45% 57.13% > $137,056 20.67% Top 6-10% 6,518,558 $749,680 $92,049 10.90% 11.07% 12.28% Top 10% 13,037,116 $3,049,275 $567,273 44.35% 68.19% > $99,112 18.60% Top 11-25% 19,555,673 $1,497,126 $138,642 21.78% 16.67% 9.26% Top 25% 32,592,789 $4,546,401 $705,915 66.13% 84.86% > $60,041 15.53% Top 26-50% 32,592,789 $1,406,380 $98,556 20.46% 11.85% 7.01% Top 50% 65,185,578 $5,952,781 $804,471 86.58% 96.70% > $30,122 13.51% Bottom 50% 65,185,578 922,342 27,419 13.42% 3.30% > $30,122 2.97%
See Related Links See the Related Links for "http://www.taxfoundation.org/taxdata/show/250.html" to the bottom for the answer.
Thanks for the feedback!

Do you have to pay federal income tax?

Yes. In the United States, the Federal Government pay levy taxes on income. As the initial proposition for what became Amendment XVI had no time limit, and since more than

When do you have to pay federal income tax?

  Your taxes must be paid through out the year. That is, by either payroll withholding or making estimated payments on your estimated amount due quarterly...with a Form 10

What percent of the US taxes are paid by the wealthy?

  Approx. 95% of all tax is paid by those in the top 3% of income.   Almost 50% of the people pay not ax at all, and of them a large percent actually get more money bac

What percentage of working age Americans pay federal income tax?

  In RAW numbers - from the forms 1040 filed, about 38% of all returns have a zero tax liability. Currently there is a 400+ billion dollar tax gap (the difference between

What is the current federal income tax?

For the 2010 tax year the federal income tax rate on the individual taxpayer 1040 income tax return is 10% to the maximum 35% on the taxpayer TAXABLE INCOME AMOUNT after the 1

What percentage of income tax is paid by what income group?

These numbers are for Federal Income Tax for 2008. The top 50% paid 97.3% of all Federal Income taxes collected. The top 10% paid 69.9% The top 5% paid 58.7% The top 1

When are federal income taxes due?

The total amount of your federal income tax that is due for the calender year taxpayer is usually due to be postmarked before MIDNIGHT April 15 of the year after the tax year

Why wealthy people oppose income taxes?

People who pay more tax that most will naturally oppose higher taxes. It's not that they oppose paying taxes as a means to operate the government but they see waste in governm