09 Aug 2003 Who Pays Income Taxes… And Who Pretty Much Is Off the Hook

According to the National Taxpayer’s Union and NTU Foundation on its website, the top 5 percent of all taxpayers pay 56.47 percent of all federal income taxes. The top ten percent pays 67.3 percent; the top quarter 84.01 percent and the top half a whopping 96.09 percent of all federal income taxes.