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!