Download Special Report No. 42
Executive Summary
Newly released income tax data shows that the top one percent of income earners now pay more than one quarter of all federal individual income taxes. This striking fact is available in taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. return statistics for 1992 from the Internal Revenue Service. These statistics are examined in this report to provide an overview of the distribution of federal income tax payments.
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