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RE: In 10 years 53% of tax payers will be paying more in taxes.
Thought this table was interesting (not formatting well, but you can see it in the link-434k is top 1%, 175k is top 5%): https://taxfoundation.org/summary-latest...ax-data-0/
Table 1. Summary of Federal Income Tax Data, 2012
Number of Returns*
AGI ($ millions)
Income Taxes Paid ($ millions)
Group's Share of Total AGI (IRS)
Group's Share of Income Taxes
Income Split Point
Average Tax Rate
*Does not include dependent filers.
All Taxpayers
136,080,353
9,041,744
1,184,978
100.0%
100.0%
Top 1%
1,360,804
1,976,738
451,328
21.9%
38.1%
> $434,682
22.8%
1-5%
5,443,214
1,354,206
247,215
15.0%
20.9%
18.3%
Top 5%
6,804,018
3,330,944
698,543
36.8%
58.9%
> $175,817
21.0%
5-10%
6,804,017
996,955
132,902
11.0%
11.2%
13.3%
Top 10%
13,608,035
4,327,899
831,445
47.9%
70.2%
> $125,195
19.2%
10-25%
20,412,053
1,933,778
192,601
21.4%
16.3%
10.0%
Top 25%
34,020,088
6,261,677
1,024,046
69.3%
86.4%
> $73,354
16.4%
25-50%
34,020,089
1,776,123
128,017
19.6%
10.8%
7.2%
Top 50%
68,040,177
8,037,800
1,152,063
88.9%
97.2%
> $36,055
14.3%
Bottom 50%
68,040,177
1,003,944
32,915
11.1%
2.8%
< $36,055
3.3%
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