Freeloaders Abound!

by Simple Simon Monday, Jan. 06, 2003 at 1:32 AM

A brief look at who is paying taxes

On October 24 the Joint Economic Committee released the latest IRS data for 2000. Here’s the table:

> Top 1%: Adjusted Gross Income of more than 3,469, pays 37.42 percent of all income tax collected

> Top 5%: 8,336, pays 56.47 percent

> Top 10%: ,144, pays 67.33 percent

> Top 25%: ,225, pays 84.01 percent

> Top 50%: ,682, pays 96.09 percent

> Bottom 50%: less than ,682, pays a mere 3.91 percent

Original: Freeloaders Abound!