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In United States, the top 1% of income earners contribute approximately 38.4% to 40.4% of total federal individual income tax revenue, depending on the specific tax year's data from the Internal Revenue Service (IRS) and groups like the Tax Foundation.
Key Federal Income Tax Breakdown
• Top 1% share: ~38.4% to 40.4% of total federal income taxes.
• Top 50% share: ~97% of total federal income taxes.
• Bottom 50% share: ~3% of total federal income taxes.
• Average top 1% tax rate: ~23% to 26% average effective income tax rate.
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