Who Pays the Majority of Income Taxes

It shouldn't be a surprise that the rich pay most of the federal income taxes.   According to The rich pay majority of U.S. income taxes, the top 10% paid 72% of income taxes in 2022, up from 55% in 1986. The next 59% paid the remaining 28% of income taxes and 31% paid zero federal income taxes.

In some countries, the tax on the wealthy is very high.  Tax on some wealthy French  sometimes top 100 percent of income.

Disclosure:  This is not an April Fool's post.

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This is not financial nor tax advice. Please consult a professional advisor.

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