Who Pays Taxes?
by NTU
For Tax Year 2004
Percentiles Ranked by AGI |
AGI Threshold on Percentiles |
Percentage of Federal Personal Income Tax Paid |
Top 1% |
$328,049 |
36.89 |
Top 5% |
$137,056 |
57.13 |
Top 10% |
$99,112 |
68.19 |
Top 25% |
$60,041 |
84.86 |
Top 50% |
$30,122 |
96.70 |
Bottom 50% |
<$30,122 |
3.30 |
Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service |
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