Top 20% of Americans Will Pay 87% of Income Tax

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Ever wonder who is paying the majority of America's tax bills these days? We have the answer.

The nonpartisan Tax Policy Center has found that the top 20% of Americans will pay 87% of income tax in the country.

For a comparison, the lower 60% of households, who have income up to about $86,000, receive about 27% of income. As a group, this tier will pay no net federal income tax in 2018 vs. 2% of it last year.

Earning more than $730,000? You and others like you are paying 43% of the income tax that the government takes in.

Where do you fall in the tax brackets?

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The Joe Pags Show

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