Key Income US Income Tax Statistics
Note: Income refers to adjusted gross income per the IRS definitions.
Which income brackets pay the most in income taxes?
The higher income brackets contribute the most income taxes by far. Filers who make over $75,000 contribute 80.8% while those under $75,000 contribute 19.2%. This is not our opinion; these numbers come straight from the IRS.
How much taxes are paid as a percent of GDP?
Income tax payments from people making more than $75,000 contribute 6.1% of Gross Domestic Product. Those who make less than $75,000 contribute almost 1.5%.
What percent of taxpayers pay taxes and at what rate?
If you used to think that wealthy people avoid paying taxes, look at these numbers closely. Almost all filers who make over $75,000 pay taxes, over 99%.
The more the filer makes, the higher percentage of their income they pay in income taxes. Only when a filer has adjusted gross income of less than $75,000 do they end up with enough deductions and credits to avoid paying taxes. For the $25,000 - $75,000 bracket, about 15% do not pay taxes and for the 0 - $25,000 bracket, over 60% pay no income taxes.
