Don't be fooled into thinking that the people making the most money get off easy in the area of taxes like the democrates and media like to pretent. Everybody, who pays taxes, got a tax cut.
I found this information at
www.taxfoundation.org/prtopincome.html and they source the info as the IRS. Take it as you will.
The Internal Revenue Service has just released data for calendar year 2001. They show that when compared with the boom/bubble year of 2000, the nation's total individual income fell for every segment of the income spectrum except the bottom 50 percent of earners, whose income rose slightly. By mid-2002, the second and third quarters of 2001 had been officially declared to be recessionary, the first recessionary quarters since 1991.
As income fell, it fell fastest at the top end of the income spectrum -- this is always the case during recessions. As higher incomes plummeted, so did the thresholds necessary for taxpayers to reach into these groups. In 2001, taxpayers reporting adjusted gross income of $127,904 ranked among the nation's top 5 percent of earners, and $292,913 was necessary to break into the top 1 percent. A year earlier in 2000, the income threshold for the top 5 percent had been $128,336, and the threshold for the top 1 percent had been more than $20,000 higher, $313,469.
Normally, with incomes falling rapidly at the high end, one would expect the average tax rate of high earners to fall, but in fact the top 1 percent was the only income group whose average tax rate did not fall. For all other groups, lower incomes and the new 10% tax rate that went into effect on January 1, 2001, created lower average tax rates. As a result, the income tax code become moderately more progressive in 2001.
Proportionately, the top-earning 25 percent of taxpayers earned more than 65 percent of the nation's income and paid more than three out of every four dollars collected by the federal income tax (77%) in 2001. There were 32.2 million tax returns in the top 25 percent, all with adjusted gross incomes (AGI) over $56,085.
At the other end of the income spectrum, the bottom 50 percent of the nation's taxpayers (everyone whose adjusted gross income was under $28,528) earned more and paid less. Total income for this group rose from $834 billion to $861 billion. That was up from 13.0 percent of all income in 2000 to 13.8 percent in 2001. Despite income growth, the bottom 50 percent's average tax rate fell from 4.6 percent to 4.1.
To summarize,
top 1% earn > $292,913 or 17.53% of the total income and pay 33.89% of federal taxes at a tax rate of 27.5%
top 5% earn > $127,904 or 31.99% of the total income and pay 53.25% of federal taxes at a tax rate of 23.68%.
top 10% earn > $92,754 or 43.11% of the total income and pay 64.89% of the federal taxes at a tax rate of 21.41%
top 25% earn > $56,085 or 65.23% of the total income and pay 82.9% of the federal taxes at a tax rate of 18.08%
top 50% earn > $28,528 or 86.19% of the total income and pay 96.03% of the federal taxes at a tax rate of 15.85%.
bottom 50% earning less than $28,528
earn 13.81% of total income
pay 3.97% of the federal taxes