Who is paying taxes?

This is staggering.  For the 2009 work year:

  • The bottom 50% of earners will pay $0 in Federal Income Taxes.
  • The top 1% of earners will pay 40.5% of taxes.
  • The top 5% will pay 60.6% of taxes.
  • The top 10% will pay 71.2% of taxes.

Here is a helpful infograph from Mint.com to break these numbers down.

HT: Eternity Matters

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