Reply #101: IRS income statistics.

[snippy]

From individual returns for tax year 2001:

Top 1 percent Adjusted Gross Income break ...$292,913

Top 10 percent AGI break .....................$92,754

Bottom 10 percent AGI break ...................$5,121

Median AGI ...................................$28,117

http://www.irs.ustreas.gov/taxstats/article/0,,id=102886,00.html


Those with AGI of $100,000 to $200,000 paid an average of 16.7% of their AGI in federal income taxes.

Those with AGI of $200,000 to $500,000 paid an average of 23.4% of their AGI in federal income taxes.

Those with AGI of $500,000 to $1,000,000 paid an average of 28.4% of their AGI in federal income taxes.

Those with AGI of $1,000,000 to $1,500,000 paid an average of 29.7% of their AGI in federal income taxes.

Those with AGI of $1,5000,000 to $2,000,000 paid an average of 30.0% of their AGI in federal income taxes.

Those with AGI of $2,0000,000 to $5,000,000 paid an average of 30.1% of their AGI in federal income taxes.

Those with AGI of $5,0000,000 to $10,000,000 paid an average of 29.7% of their AGI in federal income taxes.

Those with AGI of $10,000,000 or more paid an average of 27.4% of their AGI in federal income taxes.

http://www.irs.ustreas.gov/pub/irs-soi/01in03at.xls

I do not consider income of $88,000 per year rich, but I also do not consider people with AGI of over $100,000 per year over taxed.