4/15/19By H. Randolph Holder
According to the latest IRS stats, the Top 1% pay 37.3% of ALL federal income taxes. The highest 5% paid 58.2% of the total income tax. The 10% of filers bore nearly 70% of the tax burden. The bottom 50% paid a total of 3% of the total federal income tax bill because many get refundable tax credits.