Persons earning $389 thousand and over pay 39.89 % of income tax. Top 1%. Persons earning $154 thousand and over pay 60.14 % of income tax. Top 5%. Persons earning $109 thousand and over pay 70.79 % of income tax. Top 10%. Persons earning $ 65 thousand and over pay 86.27 % of income tax. Top 25%. Persons earning $ 32 thousand and over pay 97.01 % of income tax. Top 50%. Persons earning less than $ 32 thousand pay 2.99 % of income tax. Bottom 50%.
These figures are for federal income taxes only. They do not include payroll taxes which account for ~40% of federal revenue. (pre the Heritage Foundation) - "Workers with pre-OASDI incomes from $17,813 to $27,732 have the highest average effective Social Security tax rate (10.3 percent). 11 Workers in the highest income group have the lowest tax rate (6.7 percent)."
politicans
taxpayers
The United States government
Primerica Financial Service, NYSE company pays most seven figure income in the US.
The United States government and tax payers.
Primerica financial services
The motto of United States Navy SEALs is 'It Pays to be a Winner'.
Normally if you are paralyzed in a workplace accident in the United States, workman's compensation insurance pays. It pays 100% of medical expenses related to the accident. It pays for some lost income. How that works depends on state law. It may pay for retraining for a different job. In one case it paid a man's educational expenses to become a lab technician.
Corporations determine whether an entity pays regular income tax or Alternative Minimum Tax (AMT). Most state income taxes are determined on the same tax year as the federal tax year.
Federal taxes...several different ones may contribute.
Walmart is the company that pays the most mileage for a truck driver. States such as California and Texas pay the most.
The US Olympic Committee pays athletes a cash reward for their success. Gold - $25,000 Silver - $15,000 Bronze - $10,000 There is a current controversy though about the IRS considering this to be a taxable income.