The Congressional Budget Office released the following figures:
% of
Population |
Approx Annual
Income |
% of Tax
Burden Paid |
| Top 1% |
$1.3 M or more |
38.8% |
| Top 20% |
$512 K or more |
86.3% |
| Top 40% |
$58 K or more |
99.4% |
| Bottom 60% |
Less than $58 K |
0.06% |
| Bottom 40% |
Less than $37 K |
0.00% |
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© 2008, J. M. Erickson. All rights reserved.
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