Facts Behind Tax ‘Fairness’

To all who decry the “1 percent” and the perceived unfairness of a tax system supposedly tilted in favor of the wealthy, ponder the following table from the National Taxpayers Union that breaks out who pays federal income taxes:

Tax Year 2009

Percentiles  Ranked by AGI

AGI  Threshold on Percentiles

Percentage  of Federal Personal Income Tax Paid

Top  1%

$343,927

36.73

Top  5%

$154,643

58.66

Top  10%

$112,124

70.47

Top  25%

$66,193

87.30

Top  50%

$32,396

97.75

Bottom  50%

<$32,396

2.25

Note: AGI is Adjusted Gross Income   Source: Internal Revenue Service
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