Top 20% Pay Almost Everybody's Share

Based on the latest Congressional Budget Office annual report, the top 20% of American households in income pays the federal tax load that subsidizes almost all of the other 80% of American households, according to analysis by AEI economist Mark J. Perry.

Here is his chart:

And the numbers:

"We hear all the time [from the Left] that 'the rich' aren't paying their fair share and need to be taxed more," writes Perry. "We might want to start asking if the bottom 60% of  'net recipient' households are really paying their fair share."

Source: New CBO Study Shows That 'The Rich' Don't Just Pay Their 'Fair Share', They Pay Almost Everybody's Share, Mark J. Perry, American Enterprise Institute
Data Source: The Distribution of Household Income and Federal Taxes, Congressional Budget Office, November 2014