he Congressional Budget Office released their report on the distribution of household income and federal taxes for 2008 and 2009. (Click here for the full report) The table below is a summary of various items in the CBO report. Upon review of this summary taxpayers can see that in 2009 the TOP 20% of wage earners made paid 67.90% of ALL federal taxes in 2009 and 94.20% of ALL federal INCOME taxes.

So what does all this mean? Let's look at a simple example to illustrate the truth about these numbers. For every $100 of income earned in the US the top 20% pay $13.40 per $100 of income earned and the rest pay 84 cents per $100 of income earned.


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