Where Data Tells the Story
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The top 1% of U.S. earners funded 40% of federal income taxes in 2022, based on the latest available data.
This share has risen from 33.2% in 2001.
On the flip side, the bottom 50%'s share of total income taxes has declined from 4.9% to 3% over the period, likely due to higher wealth gains among America's richest driving increased tax revenues.