97.7% Top 50% of taxpayers 88.5% Top 25% of taxpayers 73.7% Top 10% of taxpayers Source: IRS Statistics of Income Bulletin, Fall 2022 (most current IRS data available) Breaking Down the Income Tax Burden The top 1% of U.S. taxpayers (adjusted gross incomes of $548,336 or more) paid 42.3% of all federal income taxes in 2020 — totaling roughly $723 billion. Share of total federal income taxes paid, by income group (2020) 42.3% Top 1% of taxpayers 2.3% Bottom 50% of taxpayers
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