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Originally Posted by Guest
How much of all the income tax collected, is paid by the top 1% that controls 40% of all the wealth" ?
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Actually the wealthy pay more than just income taxes. A better question would be how much of the revenue that the government receives comes from the 1%.
But to answer the question,
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According to estimates by the Tax Policy Foundation, the top 1 percent of earners (incomes in excess of $615,000) are paying nearly half — 45.7 percent — of individual income taxes for tax year 2014. The top 20 percent, with incomes above $134,300, contribute nearly 84 percent of all federal income taxes.
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When you consider that all corporate taxes come from the ultimate consumer and since the wealthy buy more goods and services, the percentage of revenues to the government is even higher fot he top 1%.