In 2007, top 0.1% of individual tax filers - 114,000 people - took 12% of US income, = bottom 50%. [View All]

[Hannah Bell]

114,000 people got as much income as 70 million.

The income floor for this 0.1% group was $2.1 million dollars.

Their effective tax rate was about 1 percentage point lower than that of the top 1% as a whole.


Figures from:

Individual Income Tax Returns with Positive Adjusted Gross Income (AGI)

Number of Returns, Shares of AGI and Total Income Tax, AGI Floor on Percentiles in Current and Constant Dollars, and Average Tax Rates
Classified by: Selected Descending Cumulative Percentiles of Returns Based on Income Size Using the Definition of AGI for Each Year
Published as: SOI Bulletin article - Individual Income Tax Rates and Tax Shares, Table 5
Tax Years: 1986 - 2007