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It still shows the same story: Top earners pay a disproportionately large share of the federal tax burden. The top 10 percent pays 53.3 percent of all federal taxes. When looking at just federal income taxes, they pay 68 percent of the burden.The top 1 percent pays 24 percent of all federal taxes compared to 35 percent of all federal income taxes.The data for total federal taxes come from the Congressional Budget Office.t still shows the same story: Top earners pay a disproportionately large share of the federal tax burden. The top 10 percent pays 53.3 percent of all federal taxes. When looking at just federal income taxes, they pay 68 percent of the burden.
If you opt for an immediate lump-sum cash payment, your payout will be a mere $443.3 millionâbefore taxes. And make no mistake: Your tax bill will be significant and unavoidable. The top federal tax rate is 39.6% on 2017 income of more than $418,400 for individuals ($470,700 for married filers). That means youâll pay about $175 million in federal income taxes, reducing your spendable winnings to about $268 million. (The IRS will automatically take 25% of your winnings, and youâll owe the rest at tax time).