Wednesday, October 10, 2012

Summary of Latest Federal Individual Income Tax Data | Tax Foundation

  

Number of Returns with Positive AGI

AGI ($ millions)

Income Taxes Paid ($ millions)

Group's Share of Total AGI

Group's Share of Income Taxes

Income Split Point

Average Tax Rate

All Taxpayers

137,982,203

$7,825,389

$865,863

100.0%

100.0%

-

11.06%

Top 1%

1,379,822

$1,324,572

$318,043

16.9%

36.7%

 $343,927.00

24.01%

1-5%

5,519,288

$1,157,918

$189,864

14.8%

22.0%

 

16.40%

Top 5%

6,899,110

$2,482,490

$507,907

31.7%

58.7%

 $154,643.00

20.46%

5-10%

6,899,110

$897,241

$102,249

11.5%

11.8%

 

11.40%

Top 10%

13,798,220

$3,379,731

$610,156

43.2%

70.5%

 $112,124.00

18.05%

10-25%

20,697,331

$1,770,140

$145,747

22.6%

17.0%

 

8.23%

Top 25%

34,495,551

$5,149,871

$755,903

65.8%

87.3%

 $ 66,193.00

14.68%

25-50%

34,495,551

$1,620,303

$90,449

20.7%

11.0%

 

5.58%

Top 50%

68,991,102

$6,770,174

$846,352

86.5%

97.7%

 > $32,396

12.50%

Bottom 50%

68,991,102

$1,055,215

$19,511

13.5%

2.3%

 < $32,396

1.85%



---SPSmith

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