ahhh that copy paste is impossible to understand, so i will try again..
Washington, DC, October 4, 2007 - New data released by the IRS today offers interesting insights into the distributional spread of the federal income tax burden, new analysis by the Tax Foundation shows.
Summary of Federal Individual Income Tax Data, 2005 (updated October 2007)
Number of Returns (thousands)
AGI
($ millions)
Income Taxes Paid
($ millions)
Group's Share of Total AGI
Group's Share of Income Taxes
Income Split Point
All Taxpayers
132,611,637
$7,507,958
$934,703
100.00%
100.00%
-
Top 1%
1,326,116
$1,591,711
$368,132
21.20%
39.38%
above $364,657
Top 5%
6,630,582
$2,683,934
$557,759
35.75%
59.67%
above $145,283
Top 10%
13,261,164
$3,487,010
$657,085
46.44%
70.30%
above $103,912
Top 25%
33,152,909
$5,069,455
$803,772
67.52%
85.99%
above $62,068
Top 50%
66,305,819
$6,544,824
$906,028
87.17%
96.93%
above $30,881
Bottom 50%
66,305,818
963,134
28,675
12.83%
3.07%
below $30,881
Source: IRS