GettyLast October, Bloomberg reported that the top half of taxpayers pay 97% of all federal income tax. They pay most of the taxes. In the discussion the other day, the context was wealth and how the rich are getting richer, as MarketWatch reported. The figures come from a new Federal Reserve report that examines income and wealth. Of course they aren't paying a lot in income taxes because they don't make enough.

Source: Forbes May 26, 2019 03:56 UTC