More Tax Statistics

TAX STATISTICS - In 1980, the top 1% of US taxpayers earned at least $81,000 in adjusted gross income (AGI), accounted for 8% of all AGI nationwide and paid 19% of all federal income tax. In 2006 (the most recent year for which data is available), the top 1% of US taxpayers earned at least $389,000 in AGI, accounted for 22% of all AGI nationwide and paid 40% of all federal income tax (source: Internal Revenue Service & Dirixion Funds-By The Numbers).