Then top 20% of households already pay 88% of the
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Posted On: 08/02/2017 10:38:59 AM
Then top 20% of households
already pay 88% of the taxes.
According to the Congressional Budget Office:
-The top one percent of households pay 38.3% of federal income taxes and 25.4% of total federal taxes.
- The top 20 percent of households pay 88% of federal income taxes and 69% of total federal taxes.
- The top one percent of households pay an average income tax rate of 23.6% while the middle quintile pays an average income tax rate of 2.6%.
- The top one percent of households pay an average total tax rate of 34% while the middle quintile pays an average total tax rate of over 12.8%.
- The top 20 percent of households pay an average total tax rate of 26.3 percent while the middle quintile pays an average total tax rate of 12.8%.
already pay 88% of the taxes.
According to the Congressional Budget Office:
-The top one percent of households pay 38.3% of federal income taxes and 25.4% of total federal taxes.
- The top 20 percent of households pay 88% of federal income taxes and 69% of total federal taxes.
- The top one percent of households pay an average income tax rate of 23.6% while the middle quintile pays an average income tax rate of 2.6%.
- The top one percent of households pay an average total tax rate of 34% while the middle quintile pays an average total tax rate of over 12.8%.
- The top 20 percent of households pay an average total tax rate of 26.3 percent while the middle quintile pays an average total tax rate of 12.8%.
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