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1 Patrick Fleenor, Distribution of the Federal Individual Income Tax 1 (1999)

handle is hein.taxfoundation/srjcxz0001 and id is 1 raw text is: TAX 1lIlNw FOUNDATION October 1999 No. 92 Distribution of the Federal Individual Income Tax Top-Earning Five Percent Pays Over Half, Top One Percent Nearly a Third The latest data from the Internal Revenue Service show that in 1997 the five percent of taxpayers who earned the most paid more than half of all federal individual income taxes, 51.9 percent. This top five percent consisted of 6.1 million earners whose adjusted gross incomes (AGI) were higher than $108,048. (See Figure 1 and Table 1.) A time series analysis of the data shows that since 1980 the share of federal individual income taxes borne by the top five percent has increased markedly. In 1980 this prosper- Figure 1 Percentage of Individual Income Taxes Paid by Income Group 1997 and 1987 33.2% Top 1% Top 5% Top 10% Top 25% Top 50% *1997 E1987 51.9% 63.2% 81.7% 95.7% 93.9% Bottom 4.3% 50% 6.1% 0 Source: Tax Foundation 1 1 40 60 Percentage of Total Collections Patrick Fleenor Senior Economist Tax Foundation

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