When the subject of raising more Federal income tax is brought up, I find it useful to review the latest data on the subject published by the IRS. Currently, that data is for tax year 2020, and it shows the following: Share of Total Income Taxes Paid byThe Top.001% – 4.14%.01% – 10.21%.1% – 22.06%1% – 42.31%2% – 50.37%3% – 55.51%4% – 59.50%5% – 62.74%10% – 73.67%20% – 84.93%25% – 88.51%30% – 91.36%40% – 95.33%50% – 97.68%.The bottom 50% pay 2.32% of all Federal income taxes.How we regard this data should be useful in (at least partly) informing our responses to suggestions for ways to raise Federal income taxes from their current level.A much deeper dive into the data (e.g., average tax rate for each of the groups listed above) can be had at the IRS page from which the above data was sourced: <a href="https://www.irs.gov/statistics/soi-tax-stats-individual-income-tax-rates-and-tax-shares" target="_blank">https://www.irs.gov/statistics/soi-tax-stats-individual-income-tax-rates-and-tax-shares</a>

When the subject of raising more Federal income tax is brought up, I find it useful to review the latest data on the subject published by the IRS. Currently, that data is for tax year 2020, and it shows the following: Share of Total Income Taxes Paid byThe Top.001% – 4.14%.01% – 10.21%.1% – 22.06%1% – 42.31%2% – 50.37%3% – 55.51%4% – 59.50%5% – 62.74%10% – 73.67%20% – 84.93%25% – 88.51%30% – 91.36%40% – 95.33%50% – 97.68%.The bottom 50% pay 2.32% of all Federal income taxes.How we regard this data should be useful in (at least partly) informing our responses to suggestions for ways to raise Federal income taxes from their current level.A much deeper dive into the data (e.g., average tax rate for each of the groups listed above) can be had at the IRS page from which the above data was sourced: <a href="https://www.irs.gov/statistics/soi-tax-stats-individual-income-tax-rates-and-tax-shares" target="_blank">https://www.irs.gov/statistics/soi-tax-stats-individual-income-tax-rates-and-tax-shares</a>

user
no
assistant