EcoFacts

  • The One Percenters – what it takes to be in the 1% in each state.
  • Top 1 – 5 – 10%
  • Who Pays Taxes?
    • 45% of Americans pay no income taxes at all.
    • Americans by quintile:
      • The richest 20% (top quintile) of Americans pay more than 86% of income taxes
      • The poorest two quintilles (lowest and next to lowest) pay no income tax at all
        • these quintiles on average receive more than $600 each back in earned income tax credits
      • The middle quintile on average pays less than $2000 each in income taxes
      • The second highest quintile pays 12.9% of federal income taxes

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