See Also
Where Do Billionaires Keep Their Money? - SmartAssetHow Do Millionaires Go Broke?Use Debt To Create Wealth in 3 Simple Steps - The Property Market5 Ways Rich People Make Money With DebtTop earners remain targets for tax increases, but the federal income tax system is already highly progressive. In 2020, the latest year with available data, the top 1 percent of income earners earned 22 percent of all income and paid 42 percent of all federal income taxes – more than the bottom 90 percent combined (37 percent).
Updated March 9, 2023
Source: Internal Revenue Service
