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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.
When it comes to the federal income tax (which is only one of many taxes -- more on that later) Frank's over half estimate is high. According to IRS statistics from the 2007 tax year, the last year available, slightly more than 40 percent of federal income taxes are paid by the top 1 percent. (For that year, it took an adjusted gross income of $410,096 to make it into that elite 1 percent.). 2.