Tax Foundation: Top 10% Paid 71% of Federal Income Taxes, Bottom 50% Paid 2.8%

By Michael W. Chapman | March 21, 2018 | 1:06 PM EDT

(YouTube)

According to the new Facts & Figures report from the Tax Foundation, Americans in the top 10% of income earners paid 70.6% of federal income taxes and people in the bottom 50% of income earners paid 2.8% of federal income taxes. (This was for calendar year 2015, the latest with complete data available.) 

The data show that all taxpayers in 2015 paid $1,454,325,000,000 in federal income taxes. The top 5% paid $866,447,000,000 in federal income taxes. The top 10% paid $1,026,601,000,000. 

The top 50% of income earners paid $1, 413,200,000,000 in federal income taxes. That amounts to 97.2% of all the income taxes collected. 

The Treasury Department. 
(Treasury.gov) 

For contrast, the bottom 50% of income earners paid $41,125,000,000 in income taxes, a little over $41 billion. That amounts to 2.8% of the federal income taxes collected. 

The top 1% of income earners paid the highest average income tax rate at 27.1%, according to the Tax Foundation.  The bottom 50% of earners had the lowest average tax rate on income, 3.6%. 


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Michael W. Chapman
Michael W. Chapman
Michael W. Chapman