November 2nd – Question

The top 50 percent of taxpayers paid what percentage of all federal income taxes in recent years?

A. 57.6 percent
B. 69.3 percent
C. 85.4 percent
D. 97.1 percent

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Answer: D – The top 50 percent of taxpayers paid 97.1 percent of all federal income taxes in 2018, the last tax year for which comprehensive and vetted statistics are available, according to the Tax Foundation. This means that the bottom 50 percent paid just 2.9 percent of total federal income taxes. 

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