Quote:
Originally Posted by Dean2
It would be more accurate to say that the top 10% of earners paid 76% of the income tax collected. The other 90% of earners paid the remaining 24% and the bottom 50% were only about 3% of the 24%. Thus the top 11% to 50% paid 21% of the total tax collected, with the 25% to 50% contributing only 8% of that.
What this demonstrates is the top earners pay a very large amount of the total tax paid, despite them being a quite small number of income earners.
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Does this take into account all of the income earners with personal corporations that pay themselves relatively low incomes?
I certainly understand why people use corporations to avoid extra tax because of how insane our tax rates are, but I am curious about how that factors into these statistics.