2018 FACTS on WHO PAYS TAX

2018 FACTS on WHO PAYS TAX

The top 1% of individual filers paid 40.08% of all U.S. income taxes for 2018 per IRS (up from 2017’s figure of 38.47%).

The top 1% earned at least $540,009.

The top 5% earned at least $217,913 and paid 60.30% of total income tax.

The top 10%, those with AGIs (Adjusted Gross Income) of at least $151,935, paid 71.37% of the tax burden.

The bottom 50% of filers paid 2.94% of the total federal income tax take.