04-12-2025, 11:44 PM
(This post was last modified: 04-13-2025, 01:47 AM by Moderator 2.)
The AI response:
In 2022, the bottom half of taxpayers earned 11.5 percent of total AGI and paid 3 percent of all federal individual income taxes. The top 1 percent earned 22.4 percent of total AGI and paid 40.4 percent of all federal income taxes.
I wonder what the average income for the bottom half is?
The average top 1% income?
In actual dollars.
And how much disposable income did each group have?
(And let’s not forget, the 1% determine the wages for the bottom 50%, which affects their ability to contribute taxes)
In 2022, the bottom half of taxpayers earned 11.5 percent of total AGI and paid 3 percent of all federal individual income taxes. The top 1 percent earned 22.4 percent of total AGI and paid 40.4 percent of all federal income taxes.
I wonder what the average income for the bottom half is?
The average top 1% income?
In actual dollars.
And how much disposable income did each group have?
(And let’s not forget, the 1% determine the wages for the bottom 50%, which affects their ability to contribute taxes)