The top 1% of taxpayers pay a higher effective income-tax rate than any other group (around 23%, according to a report released by the Tax Policy Center in 2014) nearly seven times higher than those in the bottom 50%.
the richest 20% of Americans, by far, pay the most in income taxes, forking over nearly 87% of all the income tax collected by Uncle Sam.
The top 1% of Americans, who have an average income of more than $2.1 million, pay 43.6% of all the federal individual income tax in the U.S.; the top 0.1% just 115,000 households, whose average income is more than $9.4 million pay more than 20% of it.
So for all those who go on about the wealthy not paying their fair share my question would be how much more do they have to contribute....when it hits the point that they pay 100% will that be sufficient?
No real issue for me as I am not there but figure the amount the richest 20% will continue to go up and up and eventually it would bring those on the edge out of being in that 20% demographic I'd figure.