The 'rich' pay a bigger percentage of taxes | News for Dallas, Texas | Dallas Morning News | Scott Burns | Personal Finance | Business Columnist | Dallas Morning News
Bush tax rate cuts notwithstanding, those with high incomes pay at much higher marginal tax rates than those with lower incomes. They also pay much more of the total tax bill, a reality that has escaped Hillary Clinton and Barack Obama. Only 953,000 taxpayers – about 1 percent of the total who paid taxes – paid at the top 35 percent tax rate in 2005. They paid $315.4 billion in taxes on their $1,094 billion in income.
The most common tax rate is 15 percent, which is paid by 54.4 million taxpayers. This means the typical taxpayer pays at less than half the tax rate of the top earners.