Top 3% of U.S. Taxpayers Paid Majority of Income Taxes in 2016

[Geaux4it]

Seems like they are paying their fair share to me

-Geaux
--------------------

(Bloomberg) -- Individual income taxes are the federal government’s single biggest revenue source. In fiscal year 2018, which ended Sept. 30, the individual income tax is expected to bring in roughly $1.7 trillion, or about half of all federal revenues, according to the Congressional Budget Office.

If past statistics can offer any guidance, in 2016, $1.44 trillion income taxes were paid by 140.9 million taxpayers reporting a total of $10.2 trillion in adjusted gross income, according to data recently released by the Internal Revenue Services.

Bloomberg looked into the 2016 individual returns data in detail for some additional insights illustrated in the charts below:

• The top 1 percent paid a greater share of individual income taxes (37.3 percent) than the bottom 90 percent combined (30.5 percent).
• The top 50 percent of all taxpayers paid 97 percent of total individual income taxes.

• In other words, the bottom 50 percent paid 3 percent. Which small percentile of tax payers also paid 3 percent or more? You might have guessed it. It is the top 0.001%, or about 1,400 taxpayers. That group alone paid 3.25 percent of all income taxes. In 2001, the bottom 50 percent paid nearly 5 percent whereas the top 0.001 percent of filers paid 2.3 percent of income taxes.

• The individual income tax system is designed to be progressive – those with higher incomes pay at higher rates. While the indentation, or the reduction in the steepness of the "progressivity" curve, is visible at the highest levels.

Top 3% of U.S. Taxpayers Paid Majority of Income Taxes in 2016

 

[Claudette]

That top three pays about 60% of the taxes paid.

If it weren't for them I wonder who everyone thinks would be paying those taxes.

 

[Mr Natural]

And yet somehow they manage to get by.

 

[edward37]

That top three pays about 60% of the taxes paid.

If it weren't for them I wonder who everyone thinks would be paying those taxes.

Guess TRump the pos and his son in law weren't included in that 3% lol

 

[edward37]

That top three pays about 60% of the taxes paid.

If it weren't for them I wonder who everyone thinks would be paying those taxes.

Guess TRump the pos and his son in law weren't included in that 3% lol

Crime doesn't pay

 

[danielpalos]

Seems like they are paying their fair share to me

-Geaux
--------------------

(Bloomberg) -- Individual income taxes are the federal government’s single biggest revenue source. In fiscal year 2018, which ended Sept. 30, the individual income tax is expected to bring in roughly $1.7 trillion, or about half of all federal revenues, according to the Congressional Budget Office.

If past statistics can offer any guidance, in 2016, $1.44 trillion income taxes were paid by 140.9 million taxpayers reporting a total of $10.2 trillion in adjusted gross income, according to data recently released by the Internal Revenue Services.

Bloomberg looked into the 2016 individual returns data in detail for some additional insights illustrated in the charts below:

• The top 1 percent paid a greater share of individual income taxes (37.3 percent) than the bottom 90 percent combined (30.5 percent).
• The top 50 percent of all taxpayers paid 97 percent of total individual income taxes.

• In other words, the bottom 50 percent paid 3 percent. Which small percentile of tax payers also paid 3 percent or more? You might have guessed it. It is the top 0.001%, or about 1,400 taxpayers. That group alone paid 3.25 percent of all income taxes. In 2001, the bottom 50 percent paid nearly 5 percent whereas the top 0.001 percent of filers paid 2.3 percent of income taxes.

• The individual income tax system is designed to be progressive – those with higher incomes pay at higher rates. While the indentation, or the reduction in the steepness of the "progressivity" curve, is visible at the highest levels.

Top 3% of U.S. Taxpayers Paid Majority of Income Taxes in 2016

So what; the Poor should get "raises" to pay taxes too;

According to the Congressional Budget Office, between 1979 and 2007 incomes of the top 1% of Americans grew by an average of 275%--https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States#Wealth_and_income

 

[AntonToo]

Same bullshit thread is posted 2-3 times a year

There are many taxes. Federal Income tax is but one, a very progressive one, which makes it an attractive cherry pick for those trying to argue that the rich have it too tough in America

Here is the no-bullshit view of total effective tax burden in this coutry:

 

[danielpalos]

That top three pays about 60% of the taxes paid.

If it weren't for them I wonder who everyone thinks would be paying those taxes.

we also have to wonder what our public policies would be.

 

[Claudette]

That top three pays about 60% of the taxes paid.

If it weren't for them I wonder who everyone thinks would be paying those taxes.

Guess TRump the pos and his son in law weren't included in that 3% lol

Bet they pay more taxes than you ever will dipshit.

In fact they probably pay more taxes than you, your family and your friends.

Carry on clueless.

 

[AntonToo]

That top three pays about 60% of the taxes paid.

If it weren't for them I wonder who everyone thinks would be paying those taxes.

Guess TRump the pos and his son in law weren't included in that 3% lol

Bet they pay more taxes than you ever will dipshit.

In fact they probably pay more taxes than you, your family and your friends.

Carry on clueless.

Dummy they make billions, if they don't pay more we need to change the tax-code or put them in jail for fraud.

 

[edward37]

That top three pays about 60% of the taxes paid.

If it weren't for them I wonder who everyone thinks would be paying those taxes.

Guess TRump the pos and his son in law weren't included in that 3% lol

Bet they pay more taxes than you ever will dipshit.

In fact they probably pay more taxes than you, your family and your friends.

Carry on clueless.

They pay nothing They get refunds And ass holes like you bow in awe of these crooks

 

[Geaux4it]

That top three pays about 60% of the taxes paid.

If it weren't for them I wonder who everyone thinks would be paying those taxes.

Well we know its not 47% of the population

-Geaux

 

[danielpalos]

That top three pays about 60% of the taxes paid.

If it weren't for them I wonder who everyone thinks would be paying those taxes.

Well we know its not 47% of the population

-Geaux

raise the minimum wage until the poor pay enough in taxes.

 

[FA_Q2]

I don't understand why even pull this stat up. As much as you see it as backing your position - THAT SAME DATA ALSO BACKS THE LEFT'S CLAIMS.

Essentially, the reality that the wealthy pay such a large share of the income tax is because they are making the vast majority of the income. That is an issue for the democrats so bringing this chart out really does nothing but talk past them. Whats the point?

It is also pretty narrow in its claim - does this include SS? Does it include the other half that is paid to SS that is hidden from the employee? Of course not though that is the largest expenditure that the poor see in taxes.

 

[Geaux4it]

That top three pays about 60% of the taxes paid.

If it weren't for them I wonder who everyone thinks would be paying those taxes.

Well we know its not 47% of the population

-Geaux

raise the minimum wage until the poor pay enough in taxes.

No, let the poor get a higher paying job, then they will pay higher taxes.

-Geaux

 

[BrokeLoser]

That top three pays about 60% of the taxes paid.

If it weren't for them I wonder who everyone thinks would be paying those taxes.

Guess TRump the pos and his son in law weren't included in that 3% lol

That top three pays about 60% of the taxes paid.

If it weren't for them I wonder who everyone thinks would be paying those taxes.

Guess TRump the pos and his son in law weren't included in that 3% lol

Bet they pay more taxes than you ever will dipshit.

In fact they probably pay more taxes than you, your family and your friends.

Carry on clueless.

They pay nothing They get refunds And ass holes like you bow in awe of these crooks

We don’t know what Trump has paid, you’re speculating like ignorant fools do...here’s what we do know for sure...if he never pays another dime...he contributed more to society in 2005 alone than you and everybody you know will over your lifetimes. WHAT NOW BEGGAR?

 

[AntonToo]

That top three pays about 60% of the taxes paid.

If it weren't for them I wonder who everyone thinks would be paying those taxes.

Well we know its not 47% of the population

-Geaux

raise the minimum wage until the poor pay enough in taxes.

No, let the poor get a higher paying job, then they will pay higher taxes.

-Geaux

WTF?...who is not letting people get a better paying job?

But intill they do get one, minimum wage ensures they are minimaly compensated for their labor.

 

[AntonToo]

That top three pays about 60% of the taxes paid.

If it weren't for them I wonder who everyone thinks would be paying those taxes.

Guess TRump the pos and his son in law weren't included in that 3% lol

That top three pays about 60% of the taxes paid.

If it weren't for them I wonder who everyone thinks would be paying those taxes.

Guess TRump the pos and his son in law weren't included in that 3% lol

Bet they pay more taxes than you ever will dipshit.

In fact they probably pay more taxes than you, your family and your friends.

Carry on clueless.

They pay nothing They get refunds And ass holes like you bow in awe of these crooks

We don’t know what Trump has paid, you’re speculating like ignorant fools do...here’s what we do know for sure...if he never pays another dime...he contributed more to society in 2005 alone than you and everybody you know will over your lifetimes. WHAT NOW BEGGAR?

Dumbass, it was Trump himself that leaked it because he needed a figleaf to cover up dacades of tax-evasion, starting with his sizable inheritance from daddy.

He has promissed for years now to realease his tax-returns "as soon as the audit is done" . He of course NEVER will, because then Americans would know exactly where his chest-beating patriotism ends.

 

[jc456]

Seems like they are paying their fair share to me

-Geaux
--------------------

(Bloomberg) -- Individual income taxes are the federal government’s single biggest revenue source. In fiscal year 2018, which ended Sept. 30, the individual income tax is expected to bring in roughly $1.7 trillion, or about half of all federal revenues, according to the Congressional Budget Office.

If past statistics can offer any guidance, in 2016, $1.44 trillion income taxes were paid by 140.9 million taxpayers reporting a total of $10.2 trillion in adjusted gross income, according to data recently released by the Internal Revenue Services.

Bloomberg looked into the 2016 individual returns data in detail for some additional insights illustrated in the charts below:

• The top 1 percent paid a greater share of individual income taxes (37.3 percent) than the bottom 90 percent combined (30.5 percent).
• The top 50 percent of all taxpayers paid 97 percent of total individual income taxes.

• In other words, the bottom 50 percent paid 3 percent. Which small percentile of tax payers also paid 3 percent or more? You might have guessed it. It is the top 0.001%, or about 1,400 taxpayers. That group alone paid 3.25 percent of all income taxes. In 2001, the bottom 50 percent paid nearly 5 percent whereas the top 0.001 percent of filers paid 2.3 percent of income taxes.

• The individual income tax system is designed to be progressive – those with higher incomes pay at higher rates. While the indentation, or the reduction in the steepness of the "progressivity" curve, is visible at the highest levels.

Top 3% of U.S. Taxpayers Paid Majority of Income Taxes in 2016

So what; the Poor should get "raises" to pay taxes too;

According to the Congressional Budget Office, between 1979 and 2007 incomes of the top 1% of Americans grew by an average of 275%--https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States#Wealth_and_income

huh huh

 

[jc456]

That top three pays about 60% of the taxes paid.

If it weren't for them I wonder who everyone thinks would be paying those taxes.

Guess TRump the pos and his son in law weren't included in that 3% lol

That top three pays about 60% of the taxes paid.

If it weren't for them I wonder who everyone thinks would be paying those taxes.

Guess TRump the pos and his son in law weren't included in that 3% lol

Bet they pay more taxes than you ever will dipshit.

In fact they probably pay more taxes than you, your family and your friends.

Carry on clueless.

They pay nothing They get refunds And ass holes like you bow in awe of these crooks

We don’t know what Trump has paid, you’re speculating like ignorant fools do...here’s what we do know for sure...if he never pays another dime...he contributed more to society in 2005 alone than you and everybody you know will over your lifetimes. WHAT NOW BEGGAR?

Dumbass, it was Trump himself that leaked it because he needed a figleaf to cover up dacades of tax-evasion, starting with his sizable inheritance from daddy.

He has promissed for years now to realease his tax-returns "as soon as the audit is done" . He of course NEVER will, because then Americans would know exactly where his chest-beating patriotism ends.

and? did it show he paid? drop mic.