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

 


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