Monday, January 05, 2009

New Federal Tax Burden Share Numbers from CBO

The new numbers from the CBO include all federal taxes including Income, Social Security, Excise and Corporate.

These figures indicate the top 20% of earners make 55.1% of the income and pay 68.1% of Federal Taxes. The top 1% earn 18% of total income and pay 27.6% of federal taxes.

Link




Share of Income



Share of Total Federal Tax Burden



Number of Households




Minimum Income





Top 20%
55.1% 68.8% 23,141,000 67,400
Top 10%
40.9% 54.7% 11,721,000 92,400
Top 5%
31.0% 43.9% 5,797,000 126,300
Top 1%
18.0% 27.6% 1,125,000 307,500
Top 1/2 of 1%
14.6% 22.6% 561,000 482,400
Top 1/10 of 1%
9.0% 14.0% 110,000 1,532,400
Top 1/100 of 1%
4.2% 6.5% 11,000 8,579,000