Congressional Budget Office Gives Federal Income Tax Statistics

Robertson Williams, of the Congressional Budget Offices, says:  Forty seven percent of the population does not pay any federal income taxes. Those who earn over $500,000 in income (i.e., one percent of the U.S. population who makes 17 percent of all income) pay 24 percent of all federal taxes. Those who make over $100,000 in income (i.e., five percent of the population who make 56 percent of all income) pay 70 percent of all federal taxes.

Loren M. Lambert © April 15, 2010