The Top 20% of Earners Pay Almost 80% of All Income Tax

With tax day looming, the Wall Street Journal's Laura Saunders seeks to answer the question of "who pays what" when it comes to the income tax, which accounts for half of all federal revenue.

           

The top 20% of earners pay about 80% of all taxes, and further, the top 1% (which consists of about three million people) pay almost half of all income tax. But for many toward the bottom of the income laddar, their share of the overall pie is actually negative.

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