How Much Does Each US Wealth Bracket Pay In Income Taxes? The top 1% of U.S. earners paid 40% of federal income taxes in 2022, based on the latest available data. This share has risen from 33.2% in 2001. Meanwhile, the share paid by the bottom 50% of earners fell from 4.9% to 3% over the same period—likely reflecting the growing concentration of wealth at the top, which has boosted tax contributions from high-income individuals. This graphic, via Visual Capitalist’s Dorothy Neufeld, shows federal income tax revenue by wealth bracket, based on analysis of IRS data from the Tax Foundation. Breaking… — Continue at ZeroHedge News : Read More
