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Originally Posted by 1ViciousGSX
This is a great example of Washington D.C. math at it's finest. You have to go to Yale or M.I.T. to get these figures to work out. 100% is 100%. 
Combined by the above AGI % brackets, the top 25% paid 238.40% of the Federal Income Taxes?!?!?!?!?!? Not including the lower 75% of tax payers who probably add another 400-600% of the total Federal Income Taxes.  |
I think you're looking at it wrong. The top 1% pay 34.3% of the taxes. The top five percent (which includes the top 1%) pays 54.4% of the taxes.
So...the top percent pays 34.3% of the tax. The NEXT 4% pay 20.1% of the taxes. It's useful information if you know how to look at it.