now define rich...
The following IRS stats page shows the Top 1%, Top 5%, Top 10%, Top 25% & Top 50% of wage earners average salaries, the number of people included the respective taxes paid by each group.
Kinda funny, The top 1% pays 26% of all the fedral taxes & the top 25% pays 59%. In conclusion, the bottom 75% of wage earners pay 41% of taxes (but look at the bottom 50%. They pay virtually nothing.
http://www.irs.ustreas.gov/pub/irs-soi/00in01rt.xls
The following IRS stats page shows the Top 1%, Top 5%, Top 10%, Top 25% & Top 50% of wage earners average salaries, the number of people included the respective taxes paid by each group.
Kinda funny, The top 1% pays 26% of all the fedral taxes & the top 25% pays 59%. In conclusion, the bottom 75% of wage earners pay 41% of taxes (but look at the bottom 50%. They pay virtually nothing.
http://www.irs.ustreas.gov/pub/irs-soi/00in01rt.xls