[andy58-in-nh]

Who Pays Income Taxes and How Much?

Tax Year 2009 

Percentiles Ranked by AGI	AGI Threshold on Percentiles	Percentage of Federal Personal Income Tax Paid
Top 1%	$343,927	36.73
Top 5%	$154,643	58.66
Top 10%	$112,124	70.47
Top 25%	$66,193	87.30
Top 50%	$32,396	97.75
Bottom 50%	<$32,396	2.25
Note: AGI is Adjusted Gross Income Source: Internal Revenue Service

Now: you may be aware that the top 1% paid 40% of all Federal income taxes in 2007. Why did their share drop to under 37% in 2009? Because the average annual income for the top 1% has dropped by over $66,000, thanks to Obama's brilliant economic policies. A falling tide sinks all boats.

[Ozymandias Ghost]

“A falling tide sinks all boats.”
____________________

Thx for the “stats.”

I “get” the “inverted” analogy; however, in this case a “falling tide” more likely leaves all boats “holed” on the rocks or “grounded” on a sandbar. (smile)