The share of income earned by the top 1 percent fell to 19.04 percent of total AGI, down from 21.86 percent in 2012. The share of the income tax burden for the top 1 percent also fell slightly, from 38.09 percent in 2012 to 37.80 percent in 2013.
Table 1. Summary of Federal Income Tax Data, 2013 |
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Number of Returns* | AGI ($ millions) | Income Taxes Paid ($ millions) | Group's Share of Total AGI | Group's Share of Income Taxes | Income Split Point | Average Tax Rate | |
All Taxpayers | 138,313,155 | $9,033,840 | $1,231,911 | 100.00% | 100.00% | ||
Top 1% | 1,383,132 | $1,719,794 | $465,705 | 19.04% | 37.80% | $428,713 | 27.08% |
1-5% | 5,532,526 | $1,389,594 | $255,537 | 15.38% | 20.74% | 18.39% | |
Top 5% | 6,915,658 | $3,109,388 | $721,242 | 34.42% | 58.55% | $179,760 | 23.20% |
5-10% | 6,915,658 | $1,034,110 | $138,621 | 11.45% | 11.25% | 13.40% | |
Top 10% | 13,831,316 | $4,143,498 | $859,863 | 45.87% | 69.80% | $127,695 | 20.75% |
10-25% | 20,746,973 | $2,008,180 | $202,935 | 22.23% | 16.47% | 10.11% | |
Top 25% | 34,578,289 | $6,151,678 | $1,062,798 | 68.10% | 86.27% | $74,955 | 17.28% |
25-50% | 34,578,289 | $1,843,925 | $134,805 | 20.41% | 10.94% | 7.31% | |
Top 50% | 69,156,578 | $7,995,603 | $1,197,603 | 88.51% | 97.22% | $36,841 | 14.98% |
Bottom 50% | 69,156,578 | $1,038,237 | $34,307 | 11.49% | 2.78% | $36,841 | 3.30% |
*Does not include dependent filers. |