Sunday, February 27, 2011

tax.com: Tax Rates for Top 400 Earners Fall as Income Soars, IRS Data

The report shows that the number of the top 400 who paid an effective tax rate of 0 percent to 10 percent declined slightly, to 25 in 2007 from 31 in 2006. In 1992 only 6 of the top 400 paid an effective income tax rate of less than 10 percent.

Another 127 paid 10 percent to 15 percent in 2007, up from 113 in 2006.

Only 33 of the top 400 paid an effective tax rate of 30 percent to 35 percent, which is the maximum federal tax rate.

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