My accountant sent this to me, because he thought I might find it interesting. I'm passing it along because I think it's a good reminder for us all.
"...The top 1% of filers paid 39.9% of all federal income taxes, according to Internal Revenue data for 2006, the most recent year available. The minimum Adjusted Gross Income level needed to be in the top 1% rose to a new high...$388,800.
The highest 5% paid 60% of total income tax. They had Adjusted Gross Incomes of at least $153,500. And the top 10% paid almost 71% and had Adjusted Gross Incomes of $108,900 or more.
The bottom 50% of all filers paid 3% of the total income tax bill. The lowest income earners actually had a negative income tax rate because they get the earned income credit, which refunds income and payroll taxes."