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Politics : View from the Center and Left

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To: Paul Smith who wrote (149432)	11/10/2010 10:35:30 AM
From: wonk	Read Replies (1) of 541886

...and what percentage of the taxes are paid by the top 10%? Probably somewhere around 25%. In 2010, the composition of total receipts is estimated. Income Taxes = 43.2% Corporate Taxes = 7.2% Soc Sec Taxes = 40.4% Excise Taxes = 3.4% Other = 5.7% Total 99.9% taxpolicycenter.org Total Receipts by type of tax here. taxpolicycenter.org In 2006, Income Tax returns with income greater than 200K paid 544 Billion out of approx 1.043 trillion. High Income Return details taxpolicycenter.org Thus 544/1043 = 52%. 52% of 43% (income taxes) - 22.5% of total taxes. Add in a much smaller percentage of social security taxes and you get to around 25% [edit] this assumes also that 200K income = the top 10% which I think is high. If that is correct, the situation is even more unbalanced.

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