k-12 tax & $pending climate: “The top 1 percent of taxpayers paid a 26.3 percent average rate, seven times higher than the 3.7 percent average rate paid by the bottom half of taxpayers”

Erica York, Emily Kraschel

• The top 1 percent’s income share fell for the second consecutive year from 22.4 percent in 2022 to 20.6 percent in 2023, and its share of federal income taxes paid fell from 40.4 percent to 38.4 percent.
• The top 50 percent of all taxpayers paid nearly 97 percent of all federal individual income taxes, while the bottom 50 percent paid the remaining 3 percent.