Taxpayers earning $100,000 or more a year pay 71.6% of the nation’s share in individual federal income taxes, according to the latest data from the Internal Revenue Service (IRS).
These data do not include corporate income taxes, or taxes on capital gains or dividends, or payroll taxes for Social Security and other programs.
In 2011, the IRS collected $1,088,559,743,000 based on taxpayers’ taxable income. From that total, 71.6%, or $779,547,834,000 came from those taxpayers earning six figures or more. Only 28.4%, or $308,816,180,000, came from those earning less than $100,000.
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