Middle Class/Widening Wealth Gap

Shar of Income, Taxes by Income Class

Posted on Tuesday, February 17, 2009

2000 2005

Income Class Share of Income Share of Income Taxes Share of Federal Taxes Share of Income Share of Income Taxes Share of Federal Taxes
Top 1% 17.8 36.5 25.5 18.1 38.8 27.6
Top 5% 30.7 56.2 41.4 31.1 60.7 43.8
Top 10% 40.6 67.7 52.2 40.9 72.7 54.7
Bottom 40% 12.6 -0.5 5.9 12.5 -3.8 4.9
Total 100.0 100.0 100.0 100.0 100.0 100.0
Note: Shares are measured as a percentage. A negative share indicates that tax-based benefits, such as the earned-income tax credit, exceed income tax revenues.
Source: Congressional Budget Office


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