Interesting Income Tax Figures

According to IRS figures, in tax year 2001 the percentile breakdowns for adjusted gross income (AGI) were: (e.g. if your AGI was over $1.3 million, you were in the top 0.1%)

top 0.1%: 1,324,487
top 1%: 292,913
top 2%: 199,620
top 3%: 161,491
top 4%: 140,721
top 5%: 127,904
top 10%: 92,754
top 25%: 56,085
top 50%: 28,528

Astoundingly, the average tax rate of the top 0.1% was only slightly greater than those in the top 5%. Most tax structures have much higher tax rates for those who earn the most. The top 0.1% had an average tax rate of 28.2%, while the top 5% was taxed at 23.68%, and the top 10% was taxed at 21.41%.