Top 1% pays more in taxes than bottom 95%

New data released by the IRS shows that the tax burden on the top 1 percent of income earners now exceeds the tax burden of the bottom 95 percent.

Scott Hodge at the Tax Foundation says, “To put this in perspective, the top 1 percent is comprised of just 1.4 million taxpayers and they pay a larger share of the income tax burden now than the bottom 134 million taxpayers combined.”

Tax Foundation Chart

The views and opinions expressed by individual authors are not necessarily those of other authors, advertisers, developers or editors at United Liberty.