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Old 01-24-2018, 05:33 PM #1
1bad65 1bad65 is online now
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Default Top Half of Taxpayers Paid More Than 97% of Individual Income Taxes Collected in 2015

Lower-earning half—those earning less than $39,300—paid only 2.8 percent in taxes

The top half of taxpayers paid more than 97 percent of the total individual income taxes collected in 2015, according to a report from the Tax Foundation.

The foundation evaluated the most recent data on tax year 2015 from the Internal Revenue Service, which shows a progressive tax system with taxes paid by mostly high-income earners.

The study splits taxpayers in half, with the top 50 percent of taxpayers classified as those earning more than $39,275 in adjusted gross income and the bottom 50 percent of taxpayers earning less than that.

The top half of earners paid the majority of taxes, or 97.2 percent of individual income taxes, and the bottom half paid only 2.8 percent of these taxes.

In addition, the top 1 percent of taxpayers, those who earn an adjusted gross income of $480,930 or more, paid 39 percent of individual income taxes, while the bottom 90 percent paid 29.4 percent. Top earners also paid an effective income tax rate of 27.1 percent, while the bottom 50 percent paid an average rate of 3.6 percent.

"In 2015 IRS data show that taxpayers with higher incomes pay much higher average income tax rates than lower-income taxpayers," the report states. "As household income increases, the IRS data show that average income tax rates rise. For example, taxpayers with AGIs between 10th and 5th percentiles ($138,031 and $195,778) paid an average effective rate of 14.0 percent—nearly four times the rate paid by those in the bottom 50 percent."

In total, there were 141.2 million taxpayers who paid $1.45 trillion in individual income taxes. These individuals earned $10.14 trillion in adjusted gross income. The $1.45 trillion in taxes that taxpayers paid in 2015 increased by 5.8 percent from the previous year.

"The most likely explanation behind the higher tax rates in 2015 is a phenomenon known as ‘real bracket creep,'" the report states. "When incomes rise faster than inflation, more income is pushed into higher brackets and thus becomes subject to higher tax rates."


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Old 01-24-2018, 05:50 PM #2
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Leftards be like:

But but but but middle class though... We need to tax the rich and the companies more. They don’t pay enough taxes...
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Old 01-24-2018, 07:40 PM #3
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The question Should be why are half of the the American taxpayers earning less than 39k. That's barely a living wage.
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Old 01-24-2018, 07:41 PM #4
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Why aren't the usual leftists coming in here to debunk this? They have always use that tired canard of the rich don't pay their fair share of taxes.
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Old 01-24-2018, 08:10 PM #5
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No **** the bottom 50% has all the people that doesn't work.
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Old 01-24-2018, 10:19 PM #6
Eubankjr Eubankjr is offline
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Quote:
Originally Posted by Theodore View Post
Why aren't the usual leftists coming in here to debunk this? They have always use that tired canard of the rich don't pay their fair share of taxes.
My guess is the TS has them on ignore.
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Old 01-24-2018, 10:27 PM #7
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lmfao

"In 2015 IRS data show that taxpayers with higher incomes pay much higher average income tax rates than lower-income taxpayers,"

No shit, was this a secrect? lmfao
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Old 01-24-2018, 11:14 PM #8
1bad65 1bad65 is online now
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Quote:
Originally Posted by Eubankjr View Post
My guess is the TS has them on ignore.
Nope.

Only ones on ignore are the ones who only name-call and can't state their case anyway, and trolls like SafeSpace.

Anyone who can present an adult argument is not on my Ignore list.
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Old 01-25-2018, 12:18 AM #9
Wolfie* Wolfie* is offline
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Hasn't it always been this way? How are you going to tax people who aren't making ***** to begin with?
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Old 01-25-2018, 02:25 AM #10
Eubankjr Eubankjr is offline
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All this shows is how bad the wealth inequality has become in the US considering it's high earner taxes are pretty low compared to other western countries.

The Forbes 400 has more wealth than the poorest 250mil people so it's hardly a surprise

Also federal income tax only accounts for about 1/3 of tax so it's not a true reflection of tax paid.
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