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